Published: 2026-09-21T01:03:55.000Z
Chart USD/JPY Update: Lower to consolidate strong gains
1
Saw sharp spike to reach the 158.00 level beore settling back to consolidate strong gains from the 153.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | * | Jan high | S1 | 156.00 | * | congestion | |
| R3 | 159.00 | * | congestion | S2 | 155.00 | ** | May low | |
| R2 | 158.38 | * | 200-day MA | S3 | 154.67 | * | 10 Sep high | |
| R1 | 158.00 | ** | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Saw sharp spike to reach the 158.00 level beore settling back to consolidate strong gains from the 153.00 level. Intraday and daily studies have turned lower to unwind overbought readings and suggest further gains on hold as prices settled back in consolidation within the 158.00/156.00 area. Would take break of the 156.00 support to open up room for retest of strong support at the 155.00 May low which should underpin. Below here will return focus to the downside for retest pf the 154.00/153.00 congestion. Break above 158.00, if seen, will see room to 159.00/45 area.