Published: 2025-09-24T00:46:34.000Z
Chart USD/JPY Update: Extend consolidation below 148.00
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Edged lower from the 148.38 Monday's high as prices consolidate bounce 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 - Edged lower from the 148.38 Monday's high as prices consolidate bounce from the 145.48 low of last week. Daily studies have turned mixed and suggest bullish momentum from the latter now fading and threatens pullback to the 147.00 support. Below this will return focus to the strong support at the 146.55/146.00 area and trendline from the April low to retest. Meanwhile, resistance is at the 148.00 level and clearance here and the 148.38 needed to open up room for extension to retest 148.65/149.00 resistance.