Published: 2025-11-03T00:50:13.000Z
Chart USD/JPY Update: Pressure remains on the upside
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Little change, as prices consolidate test of 154.40, 76.4% Fibonacci level and trendline from the 2024 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.00 | * | congestion | S1 | 153.27/00 | ** | 10 Oct high, congestion | |
| R3 | 155.00 | * | congestion | S2 | 152.00 | * | congestion | |
| R2 | 154.80 | * | 12 Feb high | S3 | 151.50 | * | congestion | |
| R1 | 154.45 | ** | 30 Oct high | S4 | 150.92 | ** | Aug high |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices consolidate test of 154.40, 76.4% Fibonacci level and trendline from the 2024 year high. Pressure remains on the upside and see room to further extend gains within the bull channel from the 140.00 April current year low to further retrace the January/April losses. Higher will open up room to resistance at 154.80/155.00 area. However, overbought daily studies caution corrective pullback. Would take break of support at the 153.27/153.00 area to open up room for pullback to retrace gains from the 145.50, September low and channel support.