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Published: 2025-09-03T01:07:29.000Z

Chart USD/JPY Update: Pressuring 148.65/149.00 resistance

byPakLai Ng

Technical Analyst
-

Break above 147.50 saw sharp gains to retest strong resistance at the 148.65/149.00 area

 LevelsImpComment  LevelsImpComment
R4150.92/00**Aug high, congestion S1148.00*Jun high, congestion
R3150.00*figure S2147.50*28 Aug high
R2149.00*congestion S3146.55*Mar low, congestion
R1148.65**May high, congestion S4146.00**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.

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Topics
USD/JPY-TA
DM-Technical
Technical Analysis

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