Published: 2025-12-22T00:58:25.000Z
Chart USD/JPY Update: Consolidating below 157.90 resistance
1
Break above the 156.00 level has seen sharp gains through the 157.00 level gains to approach the 157.90 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 157.00 | congestion | ||
| R3 | 160.00 | * | figure | S2 | 156.00 | ** | congestion | |
| R2 | 158.87 | ** | 10 Jan YTD high | S3 | 155.00 | * | congestion | |
| R1 | 157.90 | ** | 20 Nov high | S4 | 154.45/35 | ** | Oct high, 5 Dec low |
Asterisk denotes strength of level
00:50 GMT - Break above the 156.00 level has seen sharp gains through the 157.00 level gains to approach the 157.90 high. Consolidation below this see prices unwinding overbought intraday studies but potential is now seen for break here to extend gains from the April low. Clearance will turn focus to the 158.87, 10 January current year high, where reaction can be expected. Meanwhile, support is raised to the 157.00 level which extend to the 156.00 congestion, which is expected to underpin and sustain bounce from support at the 154.45/35 lows.