Published: 2025-11-07T00:52:41.000Z
Chart USD/JPY Update: Leaning lower from 154.40/48 high
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Consolidating test of the 153.00 level but pressure building on the downside and see room to extend pullback from the 154.40/48 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 156.00 | * | congestion | S1 | 153.00 | * | congestion | |
| R3 | 155.00 | * | congestion | S2 | 152.00 | * | congestion | |
| R2 | 154.80 | * | 12 Feb high | S3 | 151.50 | * | congestion | |
| R1 | 154.40/48 | ** | 76.4%, 4 Nov high | S4 | 150.92 | ** | Aug high |
Asterisk denotes strength of level
00:45 GMT - Consolidating test of the 153.00 level but pressure building on the downside and see room to extend pullback from the 154.40/48 highs. Daily studies are unwinding overbought reading and consolidation expected to give way to selling pressure to open up room for deeper pullback to retrace strong gains from the 145.50, September low. Lower will see room to the 152.00/151.50 congestion area then strong support at 150.92, August high. Meanwhile, resistance at the 154.40/48 highs are expected to cap.