Published: 2026-09-18T13:09:29.000Z
Chart USD/JPY Update: Extending gains in JPY-driven trade
1
Consolidation beneath 156.00 has given way to steady JPY-driven gains to congestion resistance at 158.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.75 | ** | 61.8% ret of Jul-Sep fall | S1 | 156.00 | * | congestion | |
| R3 | 159.00 | * | congestion | S2 | 155.00 | * | congestion | |
| R2 | 158.40 | ** | 50% ret of Jul-Sep fall | S3 | 154.50 | minor congestion | ||
| R1 | 158.00 | ** | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
13:40 BST - Consolidation beneath 156.00 has given way to steady JPY-driven gains to congestion resistance at 158.00, where fresh consolidation is developing. Daily readings are positive, highlighting room for a break towards the 158.40 Fibonacci retracement. Beyond here is congestion around 159.00. But mixed/negative weekly charts should limit any gains beyond here in profit-taking/consolidation beneath the 159.75 - 160.00 range.
Meanwhile, any immediate setbacks should give way to consolidation above congestion support at 156.00.