Published: 2025-11-18T14:25:09.000Z
Chart USD/JPY Update: Extending April gains in JPY-driven trade
1
Consolidation is giving way to JPY-driven gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.00 | * | break level | S1 | 155.00 | * | break level | |
| R3 | 157.00 | * | congestion | S2 | 154.00 | * | break level | |
| R2 | 156.75 | late Jan (w) high | S3 | 153.00 | * | congestion | ||
| R1 | 155.88/00 | * | February high; congestion | S4 | 152.00 | * | congestion |
Asterisk denotes strength of level
14:10 GMT - Consolidation is giving way to JPY-driven gains, with the break above 155.00 opening up resistance at the 155.88 high of February and congestion around 156.00. Rising daily readings highlight room for a test in the coming sessions. But flat overbought weekly stochastics could prompt renewed consolidation around here, before the positive weekly Tension Indicator extends April gains towards the 156.75 weekly high of late-January. Meanwhile, support is raised to 155.00. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above 154.00.