Published: 2025-09-16T01:02:47.000Z
Chart USD/JPY Update: Ranging within 148.00/147.00 area
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Still little change, but pressure remains on the 147.00 level
| 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 little change, but pressure remains on the 147.00 level following pullback from the 148.65/149.00 resistance. Ranging action is expected to give way to break to open up strong support at the 146.55/146.00 area to retest. Break here will extend losses from the 150.92 high of August to 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.