Published: 2026-01-14T01:04:43.000Z
Chart USD/JPY Update: Extending gains, focus turn to 160.00 figure
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Consolidation at the 158.00 level has given way to rally through the 158.88, January 2025 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00 | * | Dec 1986 high | S1 | 157.90 | ** | Nov high | |
| R3 | 161.95 | ** | Jul 2024 year high | S2 | 157.00 | * | congestion | |
| R2 | 161.00 | * | congestion | S3 | 156.00 | * | congestion | |
| R1 | 160.00 | ** | figure, congestion | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
01:00 GMT - Consolidation at the 158.00 level has given way to rally through the 158.88, January 2025 year high. Fresh high above the latter see prices currently consolidating at the 159.20. Positive daily and weekly studies keeps pressure on the upside and higher will see room to the 160.00 figure where reaction can be expected. Meanwhile, support is raised to the 158.00/157.90 congestion area which should now underpin. Would take break here to fade the upside pressure and open up room for corrective pullback to support at 157.00/156.00 congestion area.