Published: 2025-08-05T01:05:40.000Z
Chart USD/JPY Update: Extending losses
Technical Analyst
6
Pressure remains on the downside with break below 147.00 level extending sharp rejection from the 150.90, Friday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.90/00 | ** | 7 Feb low, congestion | S1 | 146.55 | * | Mar low | |
| R3 | 149.00 | * | congestion | S2 | 146.00 | ** | congestion | |
| R2 | 148.65 | ** | May high | S3 | 145.00 | * | congestion | |
| R1 | 148.00 | * | Jun high | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Pressure remains on the downside with break below 147.00 level extending sharp rejection from the 150.90, Friday's high. Daily and weekly studies are unwinding overbought readings and suggest room to further retrace the April/August gains. Nearby see strong support at the 146.55/146.00 area while break will see further extension to the 145.00 congestion and 144.00, April channel support. Meanwhile, resistance is lowered to the 148.00 congestion which is expected to cap and sustain losses from 150.90 high.