Published: 2026-10-27T01:00:05.000Z
Chart USD/JPY Update: Extending Friday's bounce
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Extending bounce from the 156.07 Friday's low as prices retrace losses from the 159.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 157.00 | * | congestion | |
| R3 | 159.00 | ** | congestion, 24 Sep high | S2 | 156.50 | * | congestion | |
| R2 | 158.50 | * | congestion, 200-day MA | S3 | 156.07/00 | ** | 23 Oct low, congestion | |
| R1 | 158.00 | ** | figure, congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Extending bounce from the 156.07 Friday's low as prices retrace losses from the 159.00 resistance. Break above resistance at 157.50 congestion opens up room for stronger gains to retest of resistance at the 158.00 congestion which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later with support raised to the 157.00 level. Break here will return focus to the downside for retest of the 156.07 low and threatens follow-through to retest strong support at the 155.00, May low.