Published: 2026-01-06T13:52:00.000Z
Chart USD/JPY Update: Lower in range - studies under pressure
2
Cautious/choppy trade beneath congestion resistance at 157.00 has given way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 156.00 | * | congestion | |
| R3 | 158.88 | ** | 10 January 2025 (y) high | S2 | 155.00 | * | break level | |
| R2 | 157.90/00 | * | 20 Nov (m) high; break level | S3 | 154.34 | * | 5 Dec (m) low | |
| R1 | 157.00 | minor congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
13:35 GMT - Cautious/choppy trade beneath congestion resistance at 157.00 has given way to a drift lower, with prices currently balanced around 156.40. Daily readings have turned down, highlighting room for a break below congestion support at 156.00. Focus will then turn to 155.00. Broader weekly charts are also under pressure, but a further close below the 154.34 monthly low of 5 December is needed to turn sentiment negative and confirm continuation of late-November losses. Meanwhile, a break above 157.00, if seen, should be limited in renewed selling interest/consolidation beneath strong resistance at 157.90/00.