Published: 2025-09-29T00:34:25.000Z
Chart USD/JPY Update: Settled back from test of 150.00 figure
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Settling back from test of the 150.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.90/95 | ** | 2023/2022 year highs | S1 | 149.00 | * | congestion | |
| R3 | 151.60 | * | 61.8% Jan/Apr fall | S2 | 148.65 | ** | May high | |
| R2 | 150.92/00 | ** | 1 Aug high, congestion | S3 | 148.00 | * | congestion | |
| R1 | 150.00 | ** | figure | S4 | 147.45/00 | * | 23 Sep low, congestion |
Asterisk denotes strength of level
00:25 GMT - Settling back from test of the 150.00 level as prices unwind overbought intraday studies. Daily chart are stretched as well and see room for pullback to strong support at the 149.00/148.65 area. Below this will open up room for deeper pullback to the 148.00 congestion which should underpin and limit corrective pullback. Meanwhile, resistance at the 150.00 figure is expected to cap but a later break cannot be ruled out. Clearance will return focus to the 150.92, 1st August high. Beyond this see the 152.00 resistance expected to cap.