Published: 2025-11-10T00:44:06.000Z
Chart USD/JPY Update: Higher in consolidation from 152.81 low
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Consolidatiion at the 153.00 level has given way to bounce as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.00 | * | congestion | S1 | 152.81 | * | 7 Nov low | |
| R3 | 155.00 | * | congestion | S2 | 152.00 | * | congestion | |
| R2 | 154.80 | * | 12 Feb high | S3 | 151.50 | * | congestion | |
| R1 | 154.40/48 | ** | 76.4%, 4 Nov high | S4 | 150.92 | ** | Aug high |
Asterisk denotes strength of level
00:40 GMT - Consolidatiion at the 153.00 level has given way to bounce as prices unwind oversold intraday studies and see scope to retest 154.00 level. Daily studies are unwinding overbought reading and suggest consolidation to give way to renewed selling pressure later to retest the 152.81 low. Below this will see room for deeper pullback to retrace strong gains from the 145.50 September low to the 152.00/151.50 congestion area then strong support at 150.92, August high. Meanwhile, resistance at the 154.40/48 highs are expected to cap.