Published: 2025-09-10T13:32:33.000Z
Chart USD/JPY Update: Back in range, but studies under pressure
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The bounce from the 146.30 low of 9 September has broken back above 147.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92 | ** | 1 Aug (m) high | S1 | 147.00 | ** | range lows | |
| R3 | 150.00 | ** | congestion | S2 | 146.00 | ** | break level | |
| R2 | 149.00 | congestion | S3 | 145.40 | ** | 50% ret of Apr-Aug rally | ||
| R1 | 148.00 | * | break level | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
14:20 BST - The bounce from the 146.30 low of 9 September has broken back above 147.00, with prices currently trading around 147.30. Intraday studies are rising, suggesting room for further gains. But negative daily readings and mixed/negative weekly charts are expected to limit scope in renewed selling interest/consolidation beneath resistance at 148.00. Following cautious trade, a break back below 147.00 is looked for towards 146.00. Continuation beneath here will add weight to sentiment and complete a multi-week distribution pattern within 147.00-148.00, as August losses then focus on the 145.40 Fibonacci retracement.