Chart USD/JPY Update: Pressuring strong resistance at 153.27
Little change, as negative intraday studies keep near-term sentiment under pressure and extend consolidation beneath strong resistance at the 153.27 current year high of 10 October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 155.00 | * | congestion | S1 | 152.00 | congestion | ||
| R3 | 154.40 | ** | 76.4% ret of Jan-Apr fall | S2 | 151.00 | break level | ||
| R2 | 154.00 | ** | congestion | S3 | 150.00 | ** | congestion | |
| R1 | 153.27 | ** | 10 Oct YTD high | S4 | 149.37 | 17 Oct (w) low |
Asterisk denotes strength of level
13:40 GMT - Little change, as negative intraday studies keep near-term sentiment under pressure and extend consolidation beneath strong resistance at the 153.27 current year high of 10 October. Daily readings have turned positive and broader weekly charts are mixed/positive, highlighting room for further strength in the coming sessions. A close above here would turn sentiment positive and confirm continuation of April gains towards the 154.40 Fibonacci retracement. Meanwhile, support remains at congestion around 152.00, and should underpin any immediate setbacks. A close beneath here would add weight to sentiment and prompt a pullback towards 151.00.