Published: 2026-11-04T14:01:34.000Z
Chart USD/JPY Update: Pushing higher in heightened volatility
1
The anticipated break above 158.00 has reached 158.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40 | ** | 2 Sep (m) high | S1 | 158.00 | ** | congestion | |
| R3 | 160.00 | ** | congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | ** | intraday lows | S3 | 155.95/00 | ** | 50% ret; congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.25 | ** | 61.8% ret of Sep rally |
Asterisk denotes strength of level
13:40 GMT - The anticipated break above 158.00 has reached 158.75, before pulling back below 158.00 and subsequently bouncing back to 158.50 in heightened volatility. Intraday studies are mixed, suggesting potential for further choppy trade, before improving daily readings and rising weekly charts prompt a break above congestion resistance at 159.00. Focus will then turn to congestion around 160.00, where by-then overbought daily stochastics could prompt profit-taking/consolidation.
Meanwhile, a close back below congestion support at 158.00 would turn sentiment cautious and give way to consolidation/range extension above further congestion around 157.00.