Published: 2025-11-19T00:57:39.000Z
Chart USD/JPY Update: Extending gains
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Break above the 155.00 level see prices extending gains within the bullish channel from the April low to reach 155.73 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.00 | * | congestion | S1 | 155.00 | * | congestion | |
| R3 | 157.00 | * | congestion | S2 | 154.45 | * | Oct high | |
| R2 | 156.75 | * | 23 Jan high | S3 | 154.00 | * | congestion | |
| R1 | 156.00 | * | congestion | S4 | 153.27/00 | ** | 10 Oct high, congestion |
Asterisk denotes strength of level
00:50 GMT - Break above the 155.00 level see prices extending gains within the bullish channel from the April low to reach 155.73 high. Pressure remains on the upside and higher will see room to the target the 156.00 level and 156.75, 23 January high. However, deep overbought daily and weekly studies caution corrective pullback with support raised to the 155.00 level. Below this will open up room for deeper pullback to retrace recent strong gains from the 145.50, September low and channel support, towards the 154.45/154.00 area and 153.27 October high.