Published: 2025-07-29T13:32:41.000Z
Chart USD/JPY Update: Extending July gains
Senior Technical Strategist
2
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.50 | ** | 61.8% ret of Jan-Apr fall | S1 | 148.00 | ** | break level | |
| R3 | 151.20 | ** | 28 Mar (w) high | S2 | 147.00 | congestion | ||
| R2 | 150.00 | ** | congestion | S3 | 146.00 | * | break level | |
| R1 | 149.35 | ** | 50% ret of Jan-Apr fall | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
14:00 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation above support at 148.00. Daily studies are rising and broader weekly charts are mixed/positive, highlighting potential for continuation of July gains towards critical resistance at the 149.35 Fibonacci retracement. A close above here would further improve sentiment and extend April gains initially to congestion resistance at 150.00. Meanwhile, support is raised to 148.00. A close back beneath here would turn sentiment neutral and prompt consolidation above congestion around 147.00.