Published: 2026-10-15T12:58:11.000Z
Chart USD/JPY Update: Leaning lower in USD- and JPY-driven trade
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Consolidation beneath congestion resistance at 159.00 has given way to a pullback in USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 157.00 | congestion | ||
| R3 | 159.75 | ** | intraday lows | S2 | 156.70 | * | 38.2% ret of Sep rally | |
| R2 | 159.00 | * | congestion | S3 | 155.95/00 | ** | 50% ret; congestion | |
| R1 | 158.00 | ** | congestion | S4 | 155.25 | ** | 61.8% ret of Sep rally |
Asterisk denotes strength of level
13:40 BST - Consolidation beneath congestion resistance at 159.00 has given way to a pullback in USD- and JPY-driven trade, with prices currently balanced beneath 158.00. Daily stochastics and the daily Tension Indicator are turning down, highlighting a deterioration in near-term sentiment, with room for further losses towards congestion support at 157.00. However, mixed/positive weekly charts could limit any initial tests in short-covering/consolidation.
Meanwhile, a close back above congestion resistance at 158.00 will help to stabilise price action and prompt fresh consolidation beneath 159.00.