Published: 2025-10-30T07:32:22.000Z
Chart USD/JPY Update: Extending gains
2
Consolidation above the 152.00 level has given way to rebound to break the 153.00/27 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.00 | * | congestion | S1 | 152.00 | * | congestion | |
| R3 | 154.80 | * | 12 Feb high | S2 | 151.50 | * | congestion | |
| R2 | 154.40 | * | 76.4% Jan/Apr fall | S3 | 151.00 | * | congestion | |
| R1 | 154.00 | ** | congestion | S4 | 150.92 | ** | Aug high |
Asterisk denotes strength of level
07:30 GMT - Consolidation above the 152.00 level has given way to rebound to break the 153.00/27 resistance. Clearance here further extend gains within the bullish channel from the 140.00 April current year low and see room to further retrace the January/April losses. Higher will see room to the 154.00 congestion and 154.40, 76.4% Fibonacci level. Meanwhile, support at the 152.00/151.00 congestion should underpin and sustain gains from the 145.50, September low and channel support.