Published: 2025-08-19T00:45:33.000Z
Chart USD/JPY Update: Pressuring 148.00, scope for break
Technical Analyst
1
Pressure return to the 148.00 level following bounce from the strong support at the 146.55/146.00 area last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.90/00 | ** | 7 Feb low, congestion | S1 | 147.00 | congestion | ||
| R3 | 149.00 | * | congestion | S2 | 146.55 | * | Mar low | |
| R2 | 148.65 | ** | May high | S3 | 146.00 | ** | congestion | |
| R1 | 148.00 | * | Jun high | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Pressure return to the 148.00 level following bounce from the strong support at the 146.55/146.00 area last week. Daily studies have turned up from oversold areas and suggest scope for break here to open up room for retest of strong resistance at the 148.65/149.00 area. Clearance will return focus to the 150.00 level. Meanwhile, support is raised to the 147.00 level ahead of the 146.55/146.00 area which is expected to underpin. Would take break here to see deeper pullback to retrace the broad choppy April/August gains.