Published: 2026-02-06T00:35:51.000Z
Chart USD/JPY Update: Consolidating test of 157.00/157.42 resistance
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Settling back from test of strong resistance at the 157.00/157.42 area as prices consolidate strong gains from the 152.10 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 156.00 | * | congestion | |
| R3 | 157.90/00 | ** | Nov high, congestion | S2 | 155.60 | * | 23 Jan low | |
| R2 | 157.42 | ** | 19 Jan low | S3 | 154.40 | * | Dec low | |
| R1 | 157.00 | * | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Settling back from test of strong resistance at the 157.00/157.42 area as prices consolidate strong gains from the 152.10 low. Intraday studies are unwinding overbought readings but bullish momentum keeps pressure on the upside. Break above the 157.42 resistance, if seen, will see scope for extension to strong resistance at 157.90/158.00 area. Meanwhile, support is raised to the 156.00/155.60 area which should underpin. Would take break here to fade the upside pressure and open up room to 154.40/154.00 support and lower.