Published: 2025-10-23T00:56:29.000Z
Chart USD/JPY Update: Extending gains
1
Consolidation below the 152.00 level has given way to fresh buying pressure to further retrace losses seen last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 154.40 | * | 76.4% Jan/Apr fall | S1 | 151.00 | * | congestion | |
| R3 | 154.00 | * | congestion | S2 | 150.00 | * | figure, Sep high | |
| R2 | 153.27 | ** | 10 Oct high | S3 | 149.37 | ** | 17 Oct low | |
| R1 | 152.61 | * | 14 Oct high | S4 | 149.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Consolidation below the 152.00 level has given way to fresh buying pressure to further retrace losses seen last week. Higher will see room to the 152.61 resistance though potential is for retest of the 153.00 level and 153.27 high. Clearance, if seen, will further extend gains within the bull channel from the April low and see room to 154.00 congestion and 154.40, 76.4% Fibonacci level. Meanwhile, support at the 151.00/150.92 congestion and August high underpin. Would take break here to fade the upside pressure and return focus to the downside.