Published: 2026-09-04T01:04:36.000Z
Chart USD/JPY Update: Consolidating above 155.22/00 support
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Sharply lower following break of the 158.50/00 congestion as prices extend rejection from the 160.00/50 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.50 | * | congestion | S1 | 155.22 | ** | Aug low | |
| R3 | 159.00 | * | figure | S2 | 155.00 | ** | congestion | |
| R2 | 158.00 | ** | congestion | S3 | 154.85 | * | 38.2% 2025/2026 rally | |
| R1 | 157.00 | * | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Sharply lower following break of the 158.50/00 congestion as prices extend rejection from the 160.00/50 resistance. Losses has steadied just above strong support at the 155.22/155.00, August/May lows. However, pressure remains on the downside and break here cannot be ruled out. Lower will further retrace gains from the 140.00, 2025 year low. Nearby see room to 38.2% Fibonacci level at 154.85 and 154.00 congestion. Meanwhile, resistance is lowered to the 157.00/158.00 congestion area which is expected to cap and sustain sharp losses from the 160.40 high.