Published: 2025-12-11T01:05:12.000Z
Chart USD/JPY Update: Extending rejection from 156.95 bounce high
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Rejection from the 156.95 high and subsequent break of support at the 156.00 level return focus to the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.87 | ** | 10 Jan YTD high | S1 | 155.00 | * | congestion | |
| R3 | 157.90 | ** | 20 Nov high | S2 | 154.45 | ** | 30 Oct high | |
| R2 | 156.95/00 | ** | 9 Dec high, congestion | S3 | 154.00 | congestion | ||
| R1 | 156.00 | * | congestion | S4 | 153.27 | ** | 10 Oct high |
Asterisk denotes strength of level
01:00 GMT - Rejection from the 156.95 high and subsequent break of support at the 156.00 level return focus to the downside. Daily studies have turned mixed and suggest recent positive price action now reversing and threatens pullback to retest the 155.00 level and strong support at the 154.45/154.34 area. Break here will extend the broader losses from the 157.90, November high towards the 154.00 level and strong support at 153.27, 10 October high. Meanwhile, resistance is lowered to the 156.00 congestion which is now expected to cap.