Published: 2025-08-19T12:59:59.000Z
Chart USD/JPY Update: Limited tests higher
Senior Technical Strategist
1
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | congestion | S2 | 146.00 | ** | break level | ||
| R2 | 148.50~ | 12 Aug (w) high | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | ** | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
13:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation beneath resistance at 148.00. The negative daily Tension Indicator is flattening, suggesting potential for a test above here. But flat oversold daily stochastics and already overbought weekly readings should limit any break in renewed selling interest within resistance at the 148.50 weekly high of 12 August and congestion around 149.00. Meanwhile, a break below congestion support at 147.00, if seen, is expected to give way to consolidation above support at 146.00.