Published: 2026-01-28T00:55:19.000Z
Chart USD/JPY Update: Still room to extend losses
3
Steadied at the 152.10 low as prices consolidate Tuesday's break of the 154.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 155.60 | ** | 23 Jan low, gap | S1 | 152.00 | * | 38.2% Apr/Jan rally | |
| R3 | 155.00 | * | congestion | S2 | 150.92 | ** | Aug high | |
| R2 | 154.00 | * | congestion | S3 | 150.00 | ** | figure, congestion | |
| R1 | 153.00/30 | * | congestion, 26 Jan low | S4 | 149.65 | * | 50% Apr/Jan rally |
Asterisk denotes strength of level
00:45 GMT - Steadied at the 152.10 low as prices consolidate Tuesday's break of the 154.00 level. Consolidation see prices unwinding the stretched intraday studies but bearish momentum keep pressure on the downside. Break here and the 152.00, 38.2% Fibonacci level, will open up room for continuation to support at 151.00/150.92 congestion and August high where reaction can be expected. Below this will see room to the 150.00 figure. Meanwhile, resistance at the 153.00/30 congestion and Monday's low now expected to cap. Only above here will open up room for stronger corrective bounce.