Published: 2025-08-08T13:21:40.000Z
Chart USD/JPY Update: Choppy trade - gains to remain limited
Senior Technical Strategist
2
The anticipated test below 147.00 has bounced from 146.75~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.50 | ** | 61.8% ret of Jan-Apr fall | S1 | 147.00 | congestion | ||
| R3 | 151.20 | ** | 28 Mar (w) high | S2 | 146.00 | * | break level | |
| R2 | 150.00 | ** | congestion | S3 | 145.00 | * | congestion | |
| R1 | 148.00 | ** | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
14:05 BST - The anticipated test below 147.00 has bounced from 146.75~, as intraday studies turn higher, with steady gains currently trading around 147.70. Immediate focus is on 148.00. But mixed/negative daily readings and unwinding overbought weekly stochastics are expected to limit any break in consolidation beneath congestion resistance at 150.00. Meanwhile, support remains at congestion around 147.00. But a close below 146.00 is needed to turn sentiment negative and confirm a deeper pullback from the 150.90~ weekly high of 1 August.