Published: 2025-11-20T14:14:53.000Z
Chart USD/JPY Update: Approaching year highs in both USD- and JPY-driven trade
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Cautious USD- and JPY-driven gains are giving way to consolidation beneath 158.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 | S1 | 156.00 | * | congestion | |
| R3 | 160.00 | ** | congestion | S2 | 155.00 | * | break level | |
| R2 | 158.88 | ** | 10 Jan YTD high | S3 | 154.00 | * | break level | |
| R1 | 158.00 | * | break level | S4 | 153.00 | * | congestion |
Asterisk denotes strength of level
14:00 GMT - Cautious USD- and JPY-driven gains are giving way to consolidation beneath 158.00, as overbought intraday studies unwind. Daily readings continue to strengthen, however, highlighting room for a later break and continuation of September 2024 gains towards the 158.88 current year high of 10 January. Flat overbought weekly stochastics could limit any initial tests in consolidation, before bullish longer-term charts prompt a break. Meanwhile, support remains down to congestion around 156.00, and should underpin any immediate setbacks.