Published: 2025-09-01T13:15:26.000Z
Chart USD/JPY Update: Consolidating - gains to remain limited
Senior Technical Strategist
2
Little change, as prices extend consolidation above support at 147.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92 | ** | 1 Aug (w) high | S1 | 147.00 | ** | range lows | |
| R3 | 150.00 | ** | congestion | S2 | 146.00 | ** | break level | |
| R2 | 149.00 | congestion | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | * | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
14:00 BST - Little change, as prices extend consolidation above support at 147.00. Intraday studies are edging higher, suggesting room for a move towards resistance at 148.00. However, daily readings remain bearish and broader weekly charts are under pressure, highlighting potential for renewed selling pressure beneath here. Following cautious trade, fresh losses are looked for. A later break back below 147.00 will open up 146.00. A further close beneath here is needed to turn sentiment negative and extend August losses initially to congestion around 145.00.