Published: 2026-09-21T13:17:11.000Z
Chart USD/JPY Update: Room for higher
1
The sharp pullback from congestion resistance at 158.00 has bounced from 156.60~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.75 | ** | 61.8% ret of Jul-Sep fall | S1 | 157.00 | congestion | ||
| R3 | 159.00 | * | congestion | S2 | 156.00 | * | congestion | |
| R2 | 158.40 | ** | 50% ret of Jul-Sep fall | S3 | 155.00 | * | congestion | |
| R1 | 158.00 | ** | congestion | S4 | 154.50 | minor congestion |
Asterisk denotes strength of level
14:00 BST - The sharp pullback from congestion resistance at 158.00 has bounced from 156.60~, with prices currently trading around 157.30. Daily stochastics and the daily Tension Indicator continue to rise, and oversold weekly stochastics are flattening, suggesting room for a retest of 158.00. However, the bearish weekly Tension Indicator and deteriorating longer-term charts should limit any further gains in profit-taking/consolidation beneath the 158.40 Fibonacci retracement.
Meanwhile, any immediate setbacks should give way to consolidation above congestion support at 156.00.