Published: 2025-09-08T13:04:55.000Z
Chart USD/JPY Update: Choppy in range
Senior Technical Strategist
2
The opening gap above 148.00 has been pushed back from 148.50 in choppy trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92 | ** | 1 Aug (w) high | S1 | 147.00 | ** | range lows | |
| R3 | 150.00 | ** | congestion | S2 | 146.00 | ** | break level | |
| R2 | 149.00 | congestion | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | * | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
13:50 BST - The opening gap above 148.00 has been pushed back from 148.50 in choppy trade, as intraday studies turn down, with prices currently trading around 147.75. Deteriorating daily stochastics highlight room for a test of support at 147.00. But the flat daily Tension Indicator and mixed weekly charts are expected to limit any break in renewed buying interest/consolidation above 146.00. Meanwhile, resistance remains up to congestion around 149.00, and should cap any immediate tests higher. A close above here, however, will improve sentiment and put focus on 150.00.