Published: 2025-10-02T00:34:46.000Z
Chart USD/JPY Update: Consolidating test of 146.55/50 support
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Consolidation at the 148.00 level has given way to break to extend pullback from 150.00 high to retest strong support at the 146.55/50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure | S1 | 146.55/50 | ** | Mar low, congestion | |
| R3 | 149.00 | ** | congestion | S2 | 146.00 | * | congestion | |
| R2 | 148.65 | * | May high, congestion | S3 | 145.40 | * | 50% Apr/Aug rally | |
| R1 | 148.00 | * | Jun high, congestion | S4 | 144.10 | * | 61.8% Apr/Aug rally |
Asterisk denotes strength of level
00:30 GMT - Consolidation at the 148.00 level has given way to break to extend pullback from 150.00 high to retest strong support at the 146.55/50 area. This is also trendline from the April low and pause here see prices consolidating losses from the high of last week. Negative daily studies suggest this giving way to renewed selling pressure later, lower will see room to the 146.00 level and 145.40, 50% Fibonacci level. Meanwhile, resistance is lowered to 148.00 congestion which is expected to cap and sustain losses from the 150.00 level.