Published: 2025-09-03T01:07:29.000Z
Chart USD/JPY Update: Pressuring 148.65/149.00 resistance
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Break above 147.50 saw sharp gains to retest strong resistance at the 148.65/149.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92/00 | ** | Aug high, congestion | S1 | 148.00 | * | Jun high, congestion | |
| R3 | 150.00 | * | figure | S2 | 147.50 | * | 28 Aug high | |
| R2 | 149.00 | * | congestion | S3 | 146.55 | * | Mar low, congestion | |
| R1 | 148.65 | ** | May high, congestion | S4 | 146.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Break above 147.50 saw sharp gains to retest strong resistance at the 148.65/149.00 area. Daily studies are unwinding oversold readings and suggest scope for break here to open up room for extension to the 150.00 figure. Would expected reaction here though a later break cannot be ruled out and expose the 150.92 August high and 151.00 level to retest. Clearance here will further extend gains from the April low. Meanwhile, support is raised to the 148.00 congestion which is seen sustaining bounce from the 146.55 support.