Published: 2025-11-20T01:10:25.000Z
Chart USD/JPY Update: Extending gains
1
Pressure remain on the upside as prices extend break above resistance at the 156.00/75 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-year high | S1 | 156.00 | * | congestion | |
| R3 | 160.00 | ** | figure | S2 | 155.00 | * | congestion | |
| R2 | 158.87 | ** | 10 Jan YTD high | S3 | 154.45 | ** | Oct high | |
| R1 | 158.00 | * | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Pressure remain on the upside as prices extend break above resistance at the 156.00/75 area. Break above the 157.00 level see room for extension to the 158.00 level but focus has turned to the 158.87, 10 January current year high. Deep overbought daily and weekly studies caution corrective pullback but bullish momentum keep focus firmly on the upside. Meanwhile, support is raised to the 156.00 level. Only below this will ease the upside pressure and see room for consolidation to strong support at the 155.00/154.45 area.