Published: 2026-01-20T08:43:31.000Z
Chart USD/JPY Update: Choppy trade - studies under pressure
1
Little change, as prices extend cautious trade around 158.00 following a run to 158.60
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | congestion | S1 | 157.00 | congestion | ||
| R3 | 159.45 | * | 14 Jan YTD high | S2 | 156.00 | * | congestion | |
| R2 | 158.88 | ** | 10 Jan 2025 (y) high | S3 | 155.00 | * | break level | |
| R1 | 158.00 | * | break level | S4 | 154.34 | ** | 5 Dec (m) low |
Asterisk denotes strength of level
08:35 GMT - Little change, as prices extend cautious trade around 158.00 following a run to 158.60. Intraday studies are mixed/negative and daily readings are under pressure, highlighting room for fresh losses in the coming sessions. A break below the 157.45 low of 19 January will add weight to sentiment and open up congestion around 157.00. Negative weekly charts see potential for continuation down to further congestion around 156.00. Meanwhile, a close back above resistance at 158.00 will help to stabilise price action and prompt consolidation beneath the 158.88 year high of 10 January 2025.