Published: 2025-09-15T01:03:05.000Z
Chart USD/JPY Update: Ranging, room for lower
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Still ranging, as prices extend consolidation above the 147.00 level but leaning lower from the 148.65/149.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | * | congestion | S2 | 146.55 | * | Mar low, congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 146.00 | ** | congestion | |
| R1 | 148.00 | * | congestion | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Still ranging, as prices extend consolidation above the 147.00 level but leaning lower from the 148.65/149.00 resistance. Ranging action is expected to give way to retest of strong support at the 146.55/146.00 area. Break here will extend losses from the 150.92 high of August to further retrace the choppy gains from the April current year low. Meanwhile, resistance at the 148.00 level is expected to cap and sustain pullback from strong resistance at the 148.65/149.00 area.