Published: 2025-11-12T14:27:18.000Z
Chart USD/JPY Update: Higher in JPY-driven trade
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Consolidation has given way to a break above the 154.40 Fibonacci retracement in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.00 | * | congestion | S1 | 154.00 | * | break level | |
| R3 | 156.75 | late Jan (w) high | S2 | 153.00 | * | congestion | ||
| R2 | 155.88/00 | * | February high; congestion | S3 | 152.00 | * | congestion | |
| R1 | 155.00 | * | break level | S4 | 151.00 | break level |
Asterisk denotes strength of level
14:05 GMT - Consolidation has given way to a break above the 154.40 Fibonacci retracement in JPY-driven trade, with prices currently pressuring resistance at the 155.00 break level from early 2025. Overbought intraday stochastics could limit any initial tests in consolidation, before improving daily and weekly readings prompt a break. A close above here will extend April gains towards the 155.88 high of February and congestion around 156.00. Meanwhile, support is raised to 154.00. A close beneath here, if seen, will turn sentiment neutral and give way to consolidation above congestion around 153.00.