Published: 2026-10-13T13:54:34.000Z
Chart USD/JPY Update: Range trade
1
The test below congestion support at 158.00 has bounced from 157.85~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40 | ** | 2 Sep (m) high | S1 | 158.00 | ** | congestion | |
| R3 | 160.00 | ** | congestion | S2 | 157.00 | congestion | ||
| R2 | 159.75 | ** | intraday lows | S3 | 156.70 | * | 38.2% ret of Sep rally | |
| R1 | 159.00 | * | congestion | S4 | 155.95/00 | ** | 50% ret; congestion |
Asterisk denotes strength of level
14:35 BST - The test below congestion support at 158.00 has bounced from 157.85~, as oversold intraday studies unwind, with prices currently balanced around 158.35. Daily stochastics are rising, highlighting room for a move towards congestion resistance at 159.00. But the flat daily Tension Indicator should limit any initial tests in consolidation, before positive weekly charts prompt further gains. A close above here will improve sentiment and extend early-September gains towards congestion up to 160.00.
Meanwhile, a close below 158.00, if seen, will add weight to price action and put focus on further congestion around 157.00.