Published: 2026-01-02T00:58:12.000Z
Chart USD/JPY Update: Consolidating test of 157.00 resistance
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Consolidation above the 156.00 level gave way to bounce to retest the 157.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | * | figure | S1 | 156.00 | * | congestion | |
| R3 | 158.87 | ** | 10 Jan 2025 year high | S2 | 155.00 | * | congestion | |
| R2 | 157.90 | ** | 20 Nov high | S3 | 154.45/35 | ** | Dec lows | |
| R1 | 157.00 | * | congestion | S4 | 154.00 | congestion |
Asterisk denotes strength of level
00:45 GMT - Consolidation above the 156.00 level has given way to bounce to retest the 157.00 resistance. However, gains are seen limited and expected to give way to renewed selling pressure below the 157.76/157.90, December/November highs. A later break of the 156.00 level will fade the upside pressure and open up room for pullback to the 155.00 congestion then the strong support at 154.45/35, December lows. Break here will see room to further retrace the April/November gains to support at the 153.27/152.80 area.