Published: 2024-10-28T00:33:14.000Z
Chart USD/JPY Update: Gapped up opening see room to 153.40/154.00 resistance
Technical Analyst
5
Gapped up at the open has seen gains through the 153.19 high of last week to approach the 153.40, 61.8% Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.00 | * | congestion | S1 | 152.00 | * | congestion | |
| R3 | 155.22 | * | 30 Jul high | S2 | 151.45 | * | 25 Oct low | |
| R2 | 154.00 | * | congestion | S3 | 151.00 | * | congestion | |
| R1 | 153.40 | * | 61.8% Jul/Sep fall | S4 | 150.00 | ** | figure, congestion |
Asterisk denotes strength of level
00:30 GMT - Gapped up at the open has seen gains through the 153.19 high of last week to approach the 153.40, 61.8% Fibonacci retracement. Bullish structure suggest scope for break here to further extend gains from the September YTD low. Higher will see room to the 154.00 level. Break here, if seen, will open up further extension to the 155.00/22 area. Meanwhile, support is raised to the 152.00 level and this extend to the 151.45, Friday's low. This are should now underpin and sustain the bullish break of the 150.00 level seen last week.