Published: 2026-10-15T01:02:40.000Z
Chart USD/JPY Update: Leaning lower in consolidation
1
Back in consolidation at the 158.00 level after bounce attempt was rejected at the 158.95 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40/50 | * | Sep high, congestion | S1 | 157.50 | congestion | ||
| R3 | 160.00 | ** | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | * | 61.8% Jul/Sep fall | S3 | 156.50/00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
01:00 GMT - Back in consolidation at the 158.00 level after bounce attempt was rejected at the 158.95 high. Daily studies are unwinding overbought readings and suggest push below the 158.00 level to open up room for retest of support at the 157.50/157.00 area. Break here will return focus to the downside for retest of the 156.50/156.00 area but potential will be for deeper pullback to retest of strong support at the 155.00, May low. Meanwhile, resistance at the 158.95/159.00 highs now expected to cap.