Published: 2025-08-04T01:11:04.000Z
Chart USD/JPY Update: Consolidating reversal from 150.92 high
Technical Analyst
2
Lower opening see prices turning up from above the 147.00 level to consolidate the sharp rejection from 150.90/151.00 last Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.30 | * | Mar high | S1 | 147.00 | * | congestion | |
| R3 | 150.90/00 | ** | 7 Feb low, congestion | S2 | 146.55 | * | Mar low | |
| R2 | 149.00 | * | congestion | S3 | 146.00 | ** | congestion | |
| R1 | 148.65 | ** | May high | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Lower opening see prices turning up from above the 147.00 level to consolidate the sharp rejection from resistance at 150.90/151.00 last Friday. However, this is expected to give way to fresh selling pressure later as prices reverse the strong gains from the July low. Lower will se room to the strong support at the 146.55/146.00 area. Break here will see further losses to the 145.00 congestion and 144.00, April channel support. Meanwhile, resistance at the 148.65/149.00 area is expected to cap and sustain losses from 150.92 high.