Published: 2025-07-21T01:04:16.000Z
Chart USD/JPY Update: Extend consolidation below 149.00
Technical Analyst
2
Little change, as prices extend consolidation below the 149.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.48 | * | Apr high | S1 | 148.00 | * | Jun high | |
| R3 | 150.00 | ** | figure, congestion | S2 | 147.00 | congestion | ||
| R2 | 149.40 | * | 50% Jan/Apr fall | S3 | 146.55/00 | ** | Mar low, congestion | |
| R1 | 149.00/18 | * | congestion, 16 Jul high | S4 | 145.20/00 | * | 3 Jul high, congestion |
Asterisk denotes strength of level
01:00 GMT - Little change, as prices extend consolidation below the 149.00 level and unwind overbought intraday and daily studies. However, further gains not ruled out and higher will see room for extension to target 149.40, 50% Fibonacci level. Beyond this will see scope to the 150.00 figure. Meanwhile, support is at the 148.00 level and below this will open up the 147.00 congestion to retest. Break here will open up room for deeper pullback to strong support at the 146.55/146.00 area.