Published: 2026-01-21T00:50:56.000Z
Chart USD/JPY Update: Consolidating above 158.00
1
Turned up from the 157.43 low to consolidate above the 158.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 157.30 | 5 Jan high | ||
| R3 | 160.00 | * | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.45 | ** | 14 Jan YTD high | S3 | 156.00 | * | congestion | |
| R1 | 158.88 | * | Jan 2025 year high | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
00:45 GMT - Turned up from the 157.43 low to consolidate above the 158.00 level as prices unwind oversold intraday studies. However, negative daily studies suggest consolidation to give way to renewed selling pressure later and extend losses from the 159.45 high. Lower will see room to support at the 157.30/00 area and where break will open up room for deeper pullback to support at the 156.00/155.50 congestion area. Meanwhile, resistance at the 158.88 and 159.45 highs are expected to cap. Break here, if seen, will further extend gains from the 2024/2025 double bottom to the 160.00 figure.