Published: 2025-11-17T00:53:37.000Z
Chart USD/JPY Update: Scope to retest 155.00 level
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Bounce from the 153.61 low on Friday to regain the 154.00 level see pressure returning to the upside and room to retest the 155.00 level
| 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 - Bounce from the 153.61 low on Friday to regain the 154.00 level see pressure returning to the upside and room to retest the 155.00 level. Break here, if seen, will open up room for extension to 155.50 channel resistance and the 156.00 level but the deep overbought daily and weekly studies caution corrective pullback. Close below the 154.00 level will open up room for deeper pullback to retrace strong gains from the 145.50, September low. Lower will see scope towards strong support at the 153.27/153.00 area and 152.81 low of 7 November.