Published: 2025-12-19T00:53:43.000Z
Chart USD/JPY Update: Higher in consolidation from 154.45 support
3
Consolidating test of the 156.00 level following bounce from the 154.45 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.87 | ** | 10 Jan YTD high | S1 | 154.45 | ** | 30 Oct high | |
| R3 | 157.90 | ** | 20 Nov high | S2 | 154.00 | congestion | ||
| R2 | 156.95/00 | ** | 9 Dec high, congestion | S3 | 153.27 | ** | 10 Oct high | |
| R1 | 156.00 | * | congestion | S4 | 152.80 | * | Nov low |
Asterisk denotes strength of level
00:45 GMT - Consolidating test of the 156.00 level following bounce from the 154.45 support. Break here, if seen, will expose the 156.95 high to retest but this is expected to cap as corrective bounce gives way to renewed selling pressure later. Bearish bias from the 157.90 November high suggest potential for retest of the 154.45 support and where break will see room for extension to the 154.00 level. Lower still will see room for deeper pullback to retrace the September/November rally to strong support at the 153.27/152.80, 10 October high and November low.