Published: 2025-08-26T00:48:00.000Z
Chart USD/JPY Update: Choppy above 146.55 support, scope for break later
Technical Analyst
3
Turned up from the 146.55 March low as prices consolidate rejection from resistance at the 148.65/149.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 146.55 | * | Mar low | |
| R3 | 149.00 | * | congestion | S2 | 146.00 | ** | congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 145.20/00 | * | congestion | |
| R1 | 148.00 | * | Jun high, congestion | S4 | 144.70 | * | Apr trendline |
Asterisk denotes strength of level
00:40 GMT - Turned up from the 146.55 March low as prices consolidate rejection from resistance at the 148.65/149.00 area. Negative daily studies suggest choppy trade above the 146.55 support giving way to renewed selling pressure later. Break of the 146.55/146.00 area will extend losses from the 150.92 high and turn focus to the 145.00 level then the 144.70, April trendline. Meanwhile, resistance is lowered to the 148.00 congestion which is expected to cap and sustain rejection from the 148.65/149.00 resistance.