Published: 2025-12-29T09:38:01.000Z
Chart USD/JPY Update: Gains to remain limited
2
Cautious trade has given way to a break back above 156.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 156.00 | * | congestion | |
| R3 | 158.88 | ** | 10 Jan YTD high | S2 | 155.00 | * | break level | |
| R2 | 157.90/00 | * | 20 Nov (m) high; break level | S3 | 154.34 | * | 5 Dec (w) low | |
| R1 | 157.00 | minor congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
09:20 GMT - Cautious trade has given way to a break back above 156.00, with prices currently balanced around 156.20. Intraday studies are turning down, however, and daily readings are under pressure, suggesting any further gains should meet renewed selling interest beneath congestion resistance at 157.00. In the coming sessions, cautious trade is expected to give way to a fresh losses. A break back below 156.00 will open up 155.00. But a close below the 154.34 weekly low of 5 December is needed to turn sentiment negative and confirm continuation of late-November losses.