Published: 2026-01-26T00:46:16.000Z
Chart USD/JPY Update: Down to pressure December lows
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Gapped down at the open see prices extending Friday's sharp reversal from the 159.22 high to retest the 154.40/35, December lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.42 | ** | 19 Jan low, break | S1 | 154.40/35 | ** | Dec lows | |
| R3 | 157.00 | * | congestion | S2 | 153.27 | * | 10 Oct high | |
| R2 | 156.00 | * | congestion | S3 | 152.81 | * | 7 Nov low | |
| R1 | 155.60 | * | 23 Jan low, gap | S4 | 152.00 | ** | 38.2% Apr/Jan rally |
Asterisk denotes strength of level
00:35 GMT - Gapped down at the open see prices extending Friday's sharp reversal from the 159.22 high to retest the 154.40/35, December lows. Consolidation here see prices unwinding the stretched intraday studies but this is expected to give way to fresh selling pressure later. Break here and the 154.00 level will open up room for extension to support a the 153.27/152.80 area and 152.00 level and 38.2% Fibonacci level. Meanwhile, resistance at the 155.60 Friday's low and the 156.00 congestion is expected to cap and sustain losses from the 159.22/159.45 highs.