Published: 2026-02-20T00:50:19.000Z
Chart USD/JPY Update: Extend corrective gains
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Extending bounce from the 152.27 low as prices retrace sharp losses from the 157.66 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.75/90 | ** | Dec, Nov highs | S1 | 154.00 | * | congestion | |
| R3 | 157.00 | * | congestion | S2 | 153.00 | * | 23 Jan low | |
| R2 | 156.00 | * | congestion | S3 | 152.27 | * | 12 Feb low | |
| R1 | 155.50 | * | congestion | S4 | 152.10 | ** | 27 Jan YTD low |
Asterisk denotes strength of level
00:40 GMT - Extending bounce from the 152.27 low as prices retrace sharp losses from the 157.66 high of last week. Gains are seen corrective with resistance at the 155.50/156.00 congestion area expected to cap. Break here, if seen, will open up room for extension to 157.00 level and strong resistance at the 157.75/90 area. Corrective bounce expected to give way to fresh selling pressure later with support raised to the 154.00/153.00 congestion. Break here will return focus to the downside for retest of the 152.27 and 152.10 lows.