Published: 2026-10-29T00:56:38.000Z
Chart USD/JPY Update: Limited above the 158.00 resistance
1
No follow-through on break above the 158.00 level and channel resistance from July current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure, congestion | S1 | 157.50/00 | * | congestion | |
| R3 | 159.00 | ** | congestion, 24 Sep high | S2 | 156.50 | * | congestion | |
| R2 | 158.50 | * | congestion, 200-day MA | S3 | 156.07/00 | ** | 23 Oct low, congestion | |
| R1 | 158.00 | ** | figure, congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - No follow-through on break above the 158.00 level and channel resistance from July current year high. Break here, if seen, will open up room for retest of the 200-day MA at 158.50 and possibly the 158.95/159.00, October and 24 September highs. However, corrective gains are expected to give way to renewed selling pressure later with support starting at the 157.50/00 area. Break here will return focus to the downside for retest of the 156.07 low and threatens follow-through to retest strong support at the 155.00, May low.