Published: 2026-10-13T01:07:39.000Z
Chart USD/JPY Update: Higher in consolidation above 158.00
2
Consolidation around the 158.00 level has given way to break above the 200-day MA to open up room for retest of the 159.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40/50 | * | Sep high, congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | ** | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | * | 61.8% Jul/Sep fall | S3 | 156.50/00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation around the 158.00 level has given way to break above the 200-day MA to open up room for retest of the 159.00 level. Break here, if seen, will extend the September gains and see room to the 159.75, 61.8% Fibonacci retracement. Beyond this will see strong resistance at the 160.00/160.50 area, expected to cap and give way to renewed selling pressure. Meanwhile, support is raised to the 158.00 congestion. Below here will ease the upside pressure and see room for consolidation back to support at the 157.00 congestion.