Published: 2025-08-20T12:34:35.000Z
Chart USD/JPY Update: Leaning lower in range
Senior Technical Strategist
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Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | congestion | S2 | 146.00 | ** | break level | ||
| R2 | 148.50~ | 12 Aug (w) high | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | ** | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
13:25 BST - Still little change, as prices extend consolidation within the 147.00 - 148.00 range. Negative intraday studies are putting focus on congestion support at 147.00. But a tick higher in oversold daily stochastics and mixed weekly charts are expected to limit any initial break in consolidation above 146.00. A close beneath here, however, will turn sentiment negative and extend August losses initially towards congestion around 145.00. Meanwhile, a close above 148.00, if, seen, will open up resistance within the 148.50 weekly high of 12 August and congestion around 149.00. This range should cap any immediate tests.