Published: 2025-08-06T00:46:37.000Z
Chart USD/JPY Update: Steadied at 146.55 support, lower later
Technical Analyst
1
Limited on break of the 147.00 level as prices turned up in consolidation from the 146.55 support
| 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
00:40 GMT - Limited on break of the 147.00 level as prices turned up in consolidation from the 146.55 support to unwind oversold intraday studies. However, the daily and weekly studies are unwinding overbought readings and suggest consolidation to give way to renewed selling pressure later to further retrace the April/August gains. Nearby see strong support at the 146.55/146.00 area. Break here 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.