Published: 2025-09-19T01:08:42.000Z
Chart USD/JPY Update: Back in consolidation to retest 148.00
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Extend rebound from above the 145.40 support to return consolidation above strong support at the 146.55/146.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 146.55 | ** | Mar low, congestion | |
| R3 | 149.00 | ** | congestion | S2 | 146.00 | * | congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 145.40 | * | 50% Apr/Aug rally | |
| R1 | 148.00 | * | congestion | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Extend rebound from above the 145.40 support to return consolidation above strong support at the 146.55/146.00 area. Break above the 147.00 level has seen gains to retest the 148.00 resistance. Clearance here will open up room for retest of strong resistance at the 148.65/149.00 resistance. Would expect this to cap and give way to renewed selling pressure later. Meanwhile, support is at the 146.55/146.00 area. Would take break here to further extend pullback from the 150.92 August high.