Published: 2026-01-23T01:14:09.000Z
Chart USD/JPY Update: Edging higher in consolidation
1
Edging higher in consolidation above the 158.00 level as prices extend gains from Monday's 157.43 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | * | figure, congestion | S2 | 157.43/00 | * | 19 Jan low, congestion | |
| R2 | 159.45 | ** | 14 Jan YTD high | S3 | 156.00 | * | congestion | |
| R1 | 158.88 | * | Jan 2025 year high | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
01:05 GMT - Edging higher in consolidation above the 158.00 level as prices extend gains from Monday's 157.43 low to reach resistance at 158.88. Break here will expose the 159.45 high to retest but mixed daily studies suggest consolidation to give way to renewed selling pressure later. Would take break of the 158.00 level and 157.43 support to open up room for deeper pullback to retrace gains from the 154.40, December low. Lower will see room to the 157.00/156.00 congestion area. Break above 159.45, if seen, will see room to the 160.00 figure and 161.95, 2024 multi-year high.