Published: 2026-02-04T00:42:33.000Z
Chart USD/JPY Update: Extending corrective gains
3
Extending gains above the 155.34/155.60 gap area to reach the 156.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.90/00 | * | Nov high, congestion | S1 | 154.40 | * | congestion, Dec low | |
| R3 | 157.42 | ** | 19 Jan low | S2 | 154.00 | * | congestion | |
| R2 | 157.00 | * | congestion | S3 | 153.00 | * | congestion | |
| R1 | 156.00 | * | congestion | S4 | 152.10/00 | ** | 27 Jan low, 38.2% |
Asterisk denotes strength of level
00:35 GMT - Extending gains above the 155.34/155.60 gap area to reach the 156.00 level. Positive daily studies suggest scope for break here to open up room for extension towards resistance at the 157.00 congestion and strong resistance at 157.42, 19 January low. Corrective gains are expected to give way to selling pressure later with support raised to 154.40/154.00 area. Would take break here to return focus to the downside for retest of the 153.00 congestion and the 152.10/152.00, low and 38.2% Fibonacci retracement of the April/January gains.