Published: 2026-09-09T00:59:35.000Z
Chart USD/JPY Update: Consolidating, but room for lower
1
Turned up from test of the 153.00 level as prices consolidate Monday's break of the 155.22/155.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.00 | * | 20 Aug low | S1 | 153.00 | * | congestion | |
| R3 | 157.00 | * | congestion | S2 | 152.10 | ** | 27 Jan YTD low | |
| R2 | 156.00 | * | congestion | S3 | 152.00 | ** | 50% 2025/2026 rally | |
| R1 | 155.00/22 | ** | May, Aug lows | S4 | 150.92 | * | Aug 2025 high |
Asterisk denotes strength of level
00:45 GMT - Turned up from test of the 153.00 level as prices consolidate Monday's break of the 155.22/155.00 support. Bearish momentum keep pressure on the downside and consolidation expected to give way to further losses later. Below the 153.00 level will turn focus to the June current year low at 152.10 and 152.00, 50% Fibonacci level. The latter also marks 2022/2023 previous year highs and test here expected to give way to consolidation of the sharp losses from the 160.00/160.50 area. Meanwhile, resistance remains at the 155.00/155.22 lows of May and August which should cap corrective bounce.