Published: 2026-10-19T00:50:23.000Z
Chart USD/JPY Update: Leaning lower in consolidation
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Leaning lower in consolidation following rejection from resistance at the 159.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40/50 | * | Sep high, congestion | S1 | 157.50 | congestion | ||
| R3 | 160.00 | ** | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | * | 61.8% Jul/Sep fall | S3 | 156.50/00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Leaning lower in consolidation following rejection from resistance at the 159.00 level. The daily studies are tracking lower as prices unwind overbought readings and suggest room for pullback to retest support at the 157.50/157.00 area. Would take break here to return focus to the downside towards the 156.50/156.00 area but potential will be for deeper pullback to retest of strong support at the 155.00, May low. Meanwhile, resistance at the 158.95/159.00 highs expected to cap. Above here, if seen, will open up room towards 159.75 Fibonacci level and 160.00 figure.