Published: 2026-09-22T00:56:16.000Z
Chart USD/JPY Update: Holds supportive tone above 156.50/156.00
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Holds supportive tone above the 156.50/156.00 congestion and bounce here sets up scope for retest of the 158.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | * | Jan high | S1 | 156.50/00 | * | congestion | |
| R3 | 159.00 | * | congestion | S2 | 155.00 | ** | May low | |
| R2 | 158.40 | * | 200-day MA, 50% | S3 | 154.67 | * | 10 Sep high | |
| R1 | 158.00 | ** | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Holds supportive tone above the 156.50/156.00 congestion and bounce here sets up scope for retest of the 158.00 level. Overbought daily studies suggest consolidation here needed before fresh attempt to push higher and see stronger gains to retrace the July/September losses. Clearance will see room for extension to 158.40, 50% Fibonacci level. Higher still, will see room to the 159.00/45 area. Meanwhile, support at the 156.5/156.00 area should underpin. Would take break here to open up room for retest of strong support at the 155.00, May low.