Published: 2026-01-13T00:58:24.000Z
Chart USD/JPY Update: Extending gains
1
Break to fresh high above 158.00 level see prices consolidating gains at 158.20
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 157.30/00 | * | 5 Jan high, congestion | |
| R3 | 160.00 | * | figure | S2 | 156.00 | * | congestion | |
| R2 | 158.88 | ** | 10 Jan 2025 year high | S3 | 155.00 | * | congestion | |
| R1 | 158.55 | * | 8 Jan 2025 high | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
00:50 GMT - Break to fresh high above 158.00 level see prices consolidating gains at 158.20. Intraday ascending triangle and positive daily and weekly studies keep pressure firmly on the upside and see room to extend the April gains to retest the January 2025 year highs at 158.55/88, where reaction can be expected. Meanwhile, support is raised to the 157.30/00 congestion area which should now underpin. Would take break here to fade the upside pressure and open up room for corrective pullback to support at 156.00/155.00 congestion area.