Published: 2025-10-16T00:56:56.000Z
Chart USD/JPY Update: Extending losses, room to 150.00 next
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Under pressure as break of the 151.10 and 150.92 support see prices extending losses from the 153.27 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 153.27 | ** | 10 Oct high | S1 | 150.00 | ** | Sep high | |
| R3 | 152.50 | * | congestion | S2 | 149.00 | * | 6 Oct low | |
| R2 | 152.00 | * | congestion | S3 | 148.65 | * | Dec low | |
| R1 | 151.10 | * | 10 Oct low | S4 | 148.20 | * | 38.2% Apr/Oct rally |
Asterisk denotes strength of level
00:50 GMT - Under pressure as break of the 151.10 and 150.92 support see prices extending losses from the 153.27 high to retrace recent strong gains from the 146.50 support. Negative daily studies keeps pressure on the downside and lower will see room to the 150.00 level and September high where reaction is expected. However, bearish momentum suggest scope for break later to further retrace gains from the 149.00 low of last week. Meanwhile, resistance is lowered to 151.10 low of 10 October, now expected to cap and sustain losses from the 153.27 high.