Published: 2026-10-28T00:55:52.000Z
Chart USD/JPY Update: Retest 158.00 resistance
2
Break above the 157.50 resistance see prices extending bounce from the low of last week to retest 158.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 157.00 | * | congestion | |
| R3 | 159.00 | ** | congestion, 24 Sep high | S2 | 156.50 | * | congestion | |
| R2 | 158.50 | * | congestion, 200-day MA | S3 | 156.07/00 | ** | 23 Oct low, congestion | |
| R1 | 158.00 | ** | figure, congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Break above the 157.50 resistance see prices extending bounce from the low of last week to retest the 158.00 congestion and channel resistance from July current year high. Break here, if seen, will open up room for retest of the 200-day MA at 158.50 and possibly the 158.95/159.00 highs. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the 157.50/00 area. Below the latter will return focus to the downside for retest of the 156.07 low and threatens follow-through to retest strong support at the 155.00, May low.