Published: 2025-12-08T00:37:13.000Z
Chart USD/JPY Update: Extending consolidation at 155.00/154.45 support
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Still limited below the 155.00 level as prices extend consolidation at the 155.00/154.45 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.87 | ** | 10 Jan YTD high | S1 | 155.00 | * | congestion | |
| R3 | 157.90/00 | ** | 20 Nov high, congestion | S2 | 154.45 | ** | 30 Oct high | |
| R2 | 157.00 | * | congestion | S3 | 154.00 | * | congestion | |
| R1 | 156.00 | * | congestion | S4 | 153.27 | ** | 10 Oct high |
Asterisk denotes strength of level
00:30 GMT - Still limited below the 155.00 level as prices extend consolidation at the 155.00/154.45 support. Prices are unwinding oversold intraday studies but consolidation here is expected to give way to eventual break to extend losses from the 157.90, November current year high. Break will see room to the strong support at the 154.45/154.00, October high and congestion area. Lower still, will open up room for deeper pullback to support at the 153.27/152.80 area. Meanwhile, resistance at the 156.00 congestion is expected to cap bounce attempt.