Published: 2026-09-18T01:02:52.000Z
Chart USD/JPY Update: Still scope to extend gains
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Settled back from the 156.40 high as prices consolidate gains from support at the 153.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.38 | * | 200-day MA | S1 | 155.00 | * | May low | |
| R3 | 158.00 | ** | congestion | S2 | 154.67 | * | 10 Sep high | |
| R2 | 157.50 | * | congestion | S3 | 154.00 | * | congestion | |
| R1 | 156.75/00 | ** | 4 Sep high, congestion | S4 | 152.88 | ** | 8 Sep low |
Asterisk denotes strength of level
01:00 GMT - Settled back from the 156.40 high as prices consolidate gains from support at the 153.00 congestion. However, pressure remains on the upside and further gains will see room to strong resistance at the 156.75/157.00 area where reaction can be expected. Break here, if seen, will open up room to the 158.00 resistance. Corrective gains are expected to give way to renewed selling pressure later with support raised to the 155.00, May low. Break here and the 154.67 support will return focus to the downside for retest of the 153.00/152.88 congestion and 8 September low.