Published: 2026-02-05T00:35:57.000Z
Chart USD/JPY Update: Extending gains
1
Extending strong gains from the 152.10 January low to reach the 157.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 156.00 | * | congestion | |
| R3 | 157.90/00 | ** | Nov high, congestion | S2 | 155.60 | * | 23 Jan low | |
| R2 | 157.42 | ** | 19 Jan low | S3 | 154.40 | * | Dec low | |
| R1 | 157.00 | * | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Extending strong gains from the 152.10 January low to reach the 157.00 level. Positive daily studies keep pressure firmly on the upside and suggest scope for break here to open up room to resistance at the 157.42 congestion and strong resistance at 157.90/158.00 area where reaction is expected. Clearance, if seen, will open up the 159.22/45 highs to retest. Meanwhile, support is raised to the 156.00/155.60 area which should underpin. Would take break here to fade the upside pressure and open up room to 154.40/154.00 support and lower.