Published: 2025-09-23T00:48:43.000Z
Chart USD/JPY Update: Limited above 148.00 level
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Limited above the 148.00 level as prices settled back to consolidate gains from the 145.48 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | ** | congestion | S2 | 146.55 | ** | Mar low, congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 146.00 | * | congestion | |
| R1 | 148.00 | * | congestion | S4 | 145.40 | * | 50% Apr/Aug rally |
Asterisk denotes strength of level
00:30 GMT - Limited above the 148.00 level as prices settled back to consolidate gains from the 145.48 low of last week. Daily studies have turned mixed and signal bullish momentum now fading and strong resistance at the 148.65/149.00 area keeping out of reach. Consolidation here is expected to give way to selling pressure later with support starting at 147.00 level. Break here will expose the strong support at the 146.55/146.00 area and trendline from the April low to retest.