Published: 2026-10-08T00:44:15.000Z
Chart USD/JPY Update: Extend consolidation around 158.00
1
Choppy in range as prices extend consolidation around the 158.00 level with bounce attempt kept in check at the 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure, congestion | S1 | 157.00 | * | congestion | |
| R3 | 159.75 | * | 61.8% Jul/Sep fall | S2 | 156.50/00 | * | congestion | |
| R2 | 159.00 | * | congestion | S3 | 155.00 | ** | May low, congestion | |
| R1 | 158.50 | * | 200-day MA | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Choppy in range as prices extend consolidation around the 158.00 level with bounce attempt kept in check at the 200-day MA. Would take break here expose the recent high at 159.00 to retest. However, corrective gains from the September low are expected to give way to renewed selling pressure later with support starting at the 157.00 congestion. Would take break here to open up room for retest of support at the 156.50/156.00 congestion. Break here will return focus to the downside for retest of the 155.00 level, May low.