Published: 2025-07-25T13:32:31.000Z
Chart USD/JPY Update: Sentiment improving
Senior Technical Strategist
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The anticipated test of 147.00 has given way to a break
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.20 | ** | 28 Mar (w) high | S1 | 147.00 | congestion | ||
| R3 | 150.00 | ** | congestion | S2 | 146.00 | * | break level | |
| R2 | 149.35 | ** | 50% ret of Jan-Apr fall | S3 | 145.00 | * | congestion | |
| R1 | 148.00 | ** | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
14:15 BST - The anticipated test of 147.00 has given way to a break, with prices currently balanced in consolidation around 147.75. Rising intraday studies and a tick higher in oversold daily stochastics suggest potential for continuation towards 148.00. A tick higher in weekly charts suggests scope for a break towards critical resistance at the 149.35 Fibonacci retracement. Meanwhile, support is raised to congestion around 147.00. But a close below 146.00 is needed to turn sentiment negative and extend mid-July losses towards congestion around 145.00.