Published: 2026-10-16T00:53:42.000Z
Chart USD/JPY Update: Back in consolidation around 158.00
1
Settled back to consolidation around the 158.00 level following rejection from resistance at the 159.00 level
| 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
00:50 GMT - Settled back to consolidation around the 158.00 level following rejection from resistance at the 159.00 level. Daily studies are unwinding overbought readings and suggest room for pullback to retest support at the 157.50/157.00 area. Would take break here to return focus to the downside towards the 156.50/156.00 areathough 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. Above here, if seen, will see room towards 159.75 Fibonacci level and 160.00 figure.