Published: 2025-09-09T01:08:03.000Z
Chart USD/JPY Update: Under pressure
Technical Analyst
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Consolidation above the 148.00 level has given way to selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 146.82 | 5 Sep low | ||
| R3 | 149.00 | * | congestion | S2 | 146.55 | * | Mar low, congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 146.00 | ** | congestion | |
| R1 | 148.00 | * | congestion | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation above the 148.00 level has given way to selling pressure as resistance at the 148.65/149.00 area caps. Pullback below the 147.00 level opens up room for retest of support at 146.82 then the 146.55/146.00 area. Reaction at the latter can be expected but scope is seen for a later break. Below this will see deeper pullback to extend the losses from the August high to the 145.00/144.00 area. Meanwhile, resistance at the 148.00 level now expected to cap and sustain rejection from the 148.65/149.00 area.