Published: 2025-11-13T00:50:10.000Z
Chart USD/JPY Update: Extending gains
1
Consolidation below the 154.40/48 highs has given way to break to extend gains within the April channel
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.00 | * | congestion | S1 | 154.00 | * | congestion | |
| R3 | 156.75 | * | 23 Jan high | S2 | 153.27/00 | ** | 10 Oct high, congestion | |
| R2 | 156.00 | * | congestion | S3 | 152.81 | 7 Nov low | ||
| R1 | 155.00 | * | congestion | S4 | 152.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Consolidation below the 154.40/48 highs has given way to break to extend gains within the rising channel from the April low to reach resistance at the 154.80/155.00 area. Higher will see room to 155.50 channel resistance and the 156.00 level. However, overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the 154.40/00 area which is expected to underpin. Break here will open up room for deeper pullback to the strong support at 153.27/153.00, 10 October high and congestion area.