Published: 2026-02-17T09:11:48.000Z
Chart USD/JPY Update: Studies under pressure
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Consolidation is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.50 | * | congestion | S1 | 152.50 | * | congestion | |
| R3 | 156.00 | * | congestion | S2 | 152.10~ | ** | 27 Jan YTD low | |
| R2 | 155.00 | * | break level | S3 | 150.85 | ** | 61.8% ret of Sep-Jan rally | |
| R1 | 154.00 | * | congestion | S4 | 150.00 | ** | break level |
Asterisk denotes strength of level
09:00 GMT - Consolidation is giving way to a drift lower, as intraday studies turn down, with prices currently trading around 152.80. Daily readings are falling, putting focus on congestion support at 152.50. However, mixed/negative weekly charts highlight room for still deeper losses. A close below the 152.10~ current year low of 27 January would add weight to sentiment and confirm continuation of mid-January losses, as the 150.85 Fibonacci retracement then attracts. Meanwhile, resistance remains up to congestion around 154.00 and should cap any immediate tests higher.