Published: 2025-10-23T13:04:39.000Z
Chart USD/JPY Update: Higher in JPY-driven trade
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Consolidation has given way to a break above 152.00 in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 155.00 | * | congestion | S1 | 152.00 | congestion | ||
| R3 | 154.40 | ** | 76.4% ret of Jan-Apr fall | S2 | 151.00 | break level | ||
| R2 | 154.00 | ** | congestion | S3 | 150.00 | ** | congestion | |
| R1 | 153.27 | ** | 10 Oct YTD high | S4 | 149.37 | 17 Oct (w) low |
Asterisk denotes strength of level
13:45 BST - Consolidation has given way to a break above 152.00 in JPY-driven trade, with prices reaching 152.80~ before settling back. Daily readings are improving and broader weekly charts are positive, highlighting room for a test of strong resistance at the 153.27 current year high of 10 October. But a further close above here is needed to turn sentiment positive and confirm continuation of April gains towards the 154.40 Fibonacci retracement. Meanwhile, support is raised to congestion around 152.00. A close beneath here would turn sentiment neutral and give way to consolidation above 151.00.