Published: 2025-09-22T00:31:56.000Z
Chart USD/JPY Update: Extending gains from 145.48 low
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Extending bounce from the 145.48 low to reach the 148.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | ** | congestion | S2 | 146.55 | ** | Mar low, congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 146.00 | * | congestion | |
| R1 | 148.00 | * | congestion | S4 | 145.40 | * | 50% Apr/Aug rally |
Asterisk denotes strength of level
00:30 GMT - Extending bounce from the 145.48 low to reach the 148.00 resistance. Break here will open up room for retest of strong resistance at the 148.65/149.00 resistance where reaction can be expected. Clearance, if seen, will further extend gains within the bull channel from the April low and see room to the 150.00 figure. However, gains are seen corrective and expected to give way to selling pressure later. Meanwhile, support is raised to the 147.00 level and break here will expose the strong support at the 146.55/146.00 area to retest.