Published: 2025-09-03T12:18:44.000Z
Chart USD/JPY Update: Consolidating test of 149.00 - daily studies rising
Senior Technical Strategist
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The anticipated test of congestion resistance at 149.00 has extended to 149.10/15
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.20 | ** | 28 Mar (m) high | S1 | 148.00 | * | break level | |
| R3 | 150.92 | ** | 1 Aug (w) high | S2 | 147.00 | ** | range lows | |
| R2 | 150.00 | ** | congestion | S3 | 146.00 | ** | break level | |
| R1 | 149.00 | congestion | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
13:10 BST - The anticipated test of congestion resistance at 149.00 has extended to 149.10/15, before settling lower into consolidation around 148.55. Daily stochastics and the daily Tension Indicator continue to rise, highlighting room for a fresh break above here. Focus will then turn to 150.00. But mixed weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, support remains at 148.00. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above 147.00.