Published: 2026-01-20T01:05:31.000Z
Chart USD/JPY Update: Consolidating, room for lower later
1
Turned up from the 157.43 low to consolidate at the 158.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 157.30 | 5 Jan high | ||
| R3 | 160.00 | * | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.45 | ** | 14 Jan YTD high | S3 | 156.00 | * | congestion | |
| R1 | 158.88 | * | Jan 2025 year high | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
00:50 GMT - Turned up from the 157.43 low to consolidate at the 158.00 level as prices unwind oversold intraday studies. Negative daily studies suggest consolidation to give way to renewed selling pressure and extend losses from the 159.45 high. Lower will see room for extension to support at the 157.30/00 area. Below this will see deeper pullback to support at the 156.00/155.50 congestion area. Meanwhile, resistance at the 158.88 expected to cap and sustain losses from the 159.45 high. Break here, if seen, will further extend gains from the 2024/2025 double bottom to the 160.00 figure.