Published: 2026-01-27T00:45:38.000Z
Chart USD/JPY Update: Consolidating sharp losses, room for lower later
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Turned up from the 153.30 low to regain the 154.00 level as prices consolidate sharp losses from Friday's 159.22 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.42 | ** | 19 Jan low, break | S1 | 154.00 | * | congestion | |
| R3 | 157.00 | * | congestion | S2 | 153.30 | * | 26 Jan low | |
| R2 | 156.00 | * | congestion | S3 | 153.00 | * | congestion | |
| R1 | 155.60 | * | 23 Jan low, gap | S4 | 152.00 | ** | 38.2% Apr/Jan rally |
Asterisk denotes strength of level
00:35 GMT - Turned up from the 153.30 low to regain the 154.00 level as prices consolidate sharp losses from Friday's 159.22 high. Consolidation see prices unwinding the stretched intraday and daily studies but this is expected to give way to fresh selling pressure later. Below the 153.30 low will see room for extension to the 153.00 level. Lower still, will see continuation to 152.00, 38.2% Fibonacci level. Meanwhile, resistance at the 155.60 Friday's low and the 156.00 congestion are expected to cap and sustain losses from the 159.22/159.45 highs.