Published: 2025-08-01T01:08:20.000Z
Chart USD/JPY Update: Extending gains
Technical Analyst
2
Extending break of the 150.00 figure to reach resistance at 150.90/151.00, 7 Feb low and congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.90/95 | ** | 2023/2022 year highs | S1 | 149.53 | * | 30 Jul high | |
| R3 | 151.60 | * | 61.8% Jan/Apr fall | S2 | 149.00 | * | congestion | |
| R2 | 151.30 | * | Mar high | S3 | 148.65 | ** | May high | |
| R1 | 150.90/00 | * | 7 Feb low, congestion | S4 | 148.00 | ** | Jun high |
Asterisk denotes strength of level
01:00 GMT - Extending break of the 150.00 figure to reach resistance at 150.90/151.00, 7 Feb low and congestion. Clearance here will see room to further extend the April gains to 151.30/151.60 area where reaction can be expected to unwind overbought daily studies. Gains beyond this, if seen, will expose strong resistance at the 151.90/151.95, 2023/2022 year highs. Meanwhile, support is raised to 149.53/149.00 area which should underpin and limit corrective pullback. Break will fade the upside pressure and open up deeper pullback to 148.65/148.00 area.