Published: 2025-07-30T01:07:26.000Z
Chart USD/JPY Update: Consolidating test of 148.65 resistance
Technical Analyst
1
No follow-through on break of the 148.65 resistance as prices consolidate gains from the 145.85 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure, congestion | S1 | 148.00 | * | Jun high | |
| R3 | 149.40 | * | 50% Jan/Apr fall | S2 | 147.50/00 | * | congestion | |
| R2 | 149.00/18 | ** | congestion, 16 Jul high | S3 | 146.55 | * | Mar low | |
| R1 | 148.65 | * | May high | S4 | 146.00/85 | ** | congestion, 24 Jul low |
Asterisk denotes strength of level
00:50 GMT - No follow-through on break of the 148.65 resistance as prices consolidate gains from the 145.85 low. Pullback see support starting at 148.00 level while break here will open up room to the 147.50/147.00 congestion. Positive and weekly studies suggest consolidation to give way to renewed buying interest later and clearing the 148.65 resistance will see room to retest 149.18 high. Clearance here will further retrace the January/April losses to target 149.40, 50% Fibonacci level. Beyond this opens up the 150.00 figure.