Published: 2025-09-11T12:50:59.000Z
Chart USD/JPY Update: Choppy in range - studies remain mixed
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The anticipated test of 148.00 has spiked to 148.15~, before settling into choppy trade beneath 148.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92 | ** | 1 Aug (m) high | S1 | 147.00 | ** | range lows | |
| R3 | 150.00 | ** | congestion | S2 | 146.00 | ** | break level | |
| R2 | 149.00 | congestion | S3 | 145.40 | ** | 50% ret of Apr-Aug rally | ||
| R1 | 148.00 | * | break level | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
13:40 BST - The anticipated test of 148.00 has spiked to 148.15~, before settling into choppy trade beneath 148.00 as overbought intraday studies turn down. Both daily and weekly studies are mixed, suggesting a cautious tone into the coming sessions. A fresh test above 148.00 should be met by renewed selling interest towards congestion resistance at 149.00. Meanwhile, support remains at 147.00. However, a close below 146.00 would add weight to sentiment and complete a multi-week distribution pattern within 147.00-148.00, as August losses then focus on the 145.40 Fibonacci retracement.