Published: 2026-10-05T01:04:06.000Z
Chart USD/JPY Update: Consolidating at 158.00
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Settled back ro consolidate around the 158.00 level following rejection from test of the 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure, congestion | S1 | 157.00 | * | congestion | |
| R3 | 159.75 | * | 61.8% Jul/Sep fall | S2 | 156.50/00 | * | congestion | |
| R2 | 159.00 | * | congestion | S3 | 155.00 | ** | May low, congestion | |
| R1 | 158.48 | * | 200-day MA | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Settled back ro consolidate around the 158.00 level following rejection from test of the 200-day MA. However, upside bias remain evident following bounce from support at the 156.50/156.00 congestion to consolidate above the 157.00 level. Would take break above the 200-day MA currently at 158.48 to expose the 159.00 level to retest. Above here, if seen, will see scope for extension to resistance at 159.75 Fibonacci level and 160.00 figure. Corrective gains expected to give way to renewed selling pressure later to retest 156.50/156.00 congestion area then 155.00, May low.