Published: 2025-10-17T00:52:08.000Z
Chart USD/JPY Update: Extending losses
1
Break of the 151.10 and 150.92 support see prices extending losses to reach strong support at the 150.00 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 153.27 | ** | 10 Oct high | S1 | 150.00 | ** | Sep high | |
| R3 | 152.50 | * | congestion | S2 | 149.00 | * | 6 Oct low | |
| R2 | 152.00 | * | congestion | S3 | 148.65 | * | Dec low | |
| R1 | 151.00/10 | * | congestion, 10 Oct low | S4 | 148.20 | * | 38.2% Apr/Oct rally |
Asterisk denotes strength of level
00:45 GMT - Break of the 151.10 and 150.92 support see prices extending losses to reach strong support at the 150.00 figure and September high. Reaction here expected but this is seen giving way to break later to extend bearish momentum from the 153.27 high. Break will see room to the gap area starting at 149.00 low of last week and extending to 147.82, 3rd October high. Meanwhile, resistance at the 151.00/10 congestion and low of 10 October, now expected to cap and sustain losses from the 153.27 high.