Published: 2025-08-21T00:59:32.000Z
Chart USD/JPY Update: Ranging below 148.00
Technical Analyst
-
Little change, as prices extend consolidation below the 148.00 level
| 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
00:55 GMT - Little change, as prices extend consolidation below the 148.00 level. Mixed intraday and daily studies suggest further ranging action here and below the 147.00 level will expose the strong support at the 146.55/146.00 area to retest. Recent losses from the 151.00 high remains the dominant daily chart pattern and threatens break of the 146.55/146.00 support to open up room for deeper pullback to 145.00 congestion and 144.70 channel support from the April low. Meanwhile, resistance at the 148.00/148.65 area is expected to cap and keep pressure on the downside.