Chart USD/JPY Update: Extending consolidation above 153.00
Little change, as prices extending consolidation around the 154.00 level following bounce from support at the 153.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.75/00 | ** | 4 Sep high, congestion | S1 | 153.00 | * | congestion | |
| R3 | 156.00 | * | congestion | S2 | 152.10 | ** | 27 Jan YTD low | |
| R2 | 155.00/22 | ** | May, Aug lows | S3 | 152.00 | * | 50% 2025/2026 rally | |
| R1 | 154.50 | * | congestion | S4 | 151.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices extending consolidation around the 154.00 level following bounce from support at the 153.00 level. Bounce here see prices consolidating sharp losses from the 160.00/160.50 resistance to unwind oversold intraday and daily studies. Above 154.50 congestion will see room to strong resistance at 155.00/22 May/August lows which is expected to cap. Break here, if seen, will open up room for stronger correction to the 156.00 level and possibly 156.75/157.00 area. Corrective gains are expected to give way to fresh selling pressure later. Below the 153.00 level will turn focus to the June current year low at 152.10 and 152.00, 50% Fibonacci level.