Published: 2026-10-20T01:08:35.000Z
Chart USD/JPY Update: Sustaining bullish bias from 156.50/00 support
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Consolidation around 158.00 level see prices pushing higher to sustain bullish bias from the 156.50/00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40/50 | * | Sep high, congestion | S1 | 157.50 | congestion | ||
| R3 | 160.00 | ** | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | * | 61.8% Jul/Sep fall | S3 | 156.50/00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Consolidation around 158.00 level see prices pushing higher to sustain bullish bias from the 156.50/00 support. The resulting ascending triangle suggest pressure returning to the 159.00 resistance. Break here will extend the broader gains from the 152.90 September low and see room for extension to 159.75 Fibonacci level then the strong resistance at the 160.00 figure. Meanwhile, support at the 157.50/157.00 area underpin. Would take break here to ease the upside pressure and see room for pullback to support at the 156.50/156.00 area.