Published: 2025-11-14T00:40:06.000Z
Chart USD/JPY Update: Consolidating test of 155.00 level
1
Settled into consolidation from test of the 155.00 level but further gains cannot be ruled out
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 157.00 | * | congestion | S1 | 154.00 | * | congestion | |
| R3 | 156.75 | * | 23 Jan high | S2 | 153.27/00 | ** | 10 Oct high, congestion | |
| R2 | 156.00 | * | congestion | S3 | 152.81 | 7 Nov low | ||
| R1 | 155.00 | * | congestion | S4 | 152.00 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Settled into consolidation from test of the 155.00 level but further gains cannot be ruled out. Gains beyond this, if seen, will open up room for extension to 155.50 channel resistance and the 156.00 level. However, deep overbought daily and weekly studies caution corrective pullback with support starting at the 154.40/00 area. Break here will ease the upside pressure and open up room for pullback to retrace strong gains from the 145.50, September low. Lower will see scope towards strong support at 153.27/153.00, 10 October high and congestion area.