Chart USD/JPY Update: Range-bound in consolidation
Higher in range following retest of the 155.22 August low as prices consolidate sharp drop from the 160.00/160.50 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.50 | * | congestion | S1 | 155.22 | ** | Aug low | |
| R3 | 159.00 | * | figure | S2 | 155.00 | ** | congestion | |
| R2 | 158.00 | ** | congestion | S3 | 154.85 | * | 38.2% 2025/2026 rally | |
| R1 | 157.00 | * | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Higher in range following retest of the 155.22 August low as prices consolidate sharp drop from the 160.00/160.50 resistance. However, consolidation above the 155.22/155.00 August/May lows is expected to give way to renewed selling pressure later. Break will further retrace bullish gains from the 140.00, April 2025 year low. Lower will see room to the nearby 38.2% Fibonacci retracement at 154.85 then the 154.00 congestion. Meanwhile, resistance is lowered to the 157.00 congestion which is expected to cap. Above here, if seen, will see room for stronger bounce to the 158.00 congestion.