Published: 2026-10-23T00:56:37.000Z
Chart USD/JPY Update: Retest 156.50/156.00 support
1
Choppy trade around the 158.00 level has given way to break of the 157.50 support to see sharp drop to retest the 156.50/.156.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.50/60 | * | congestion, 20 Oct high | S1 | 156.00 | * | congestion | |
| R3 | 158.00 | ** | figure, congestion | S2 | 155.00 | ** | May low, congestion | |
| R2 | 157.50 | * | congestion | S3 | 154.00 | * | congestion | |
| R1 | 157.00 | * | congestion | S4 | 152.90 | ** | Sep low |
Asterisk denotes strength of level
00:50 GMT - Choppy trade around the 158.00 level has given way to break of the 157.50 support to see sharp drop to retest the 156.50/.156.00 support. Consolidation here can be expected but the bearish mometum suggest this giving way to renewed selling pressure later. Break will open up room for retest of the 155.00 May low. Below the latter will return focus to the 152.90/152.10. September and January lows. Meanwhile, resistance is lowered to the 150.00/50 congestion area now expected to cap and sustain losses from the 159.00 resistance.