Published: 2026-11-12T01:14:18.000Z
Chart USD/JPY Update: Consolidating below 160.00
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Consolidation below the 158.77/159.00 resistance has given way to break to extend gains from the September low to approach the 160.00 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 159.00 | ** | congestion | |
| R3 | 161.00 | * | figure, congestion | S2 | 158.77 | * | 3 Nov high | |
| R2 | 160.40/50 | * | Sep high, congestion | S3 | 158.00 | * | congestion | |
| R1 | 160.00 | ** | figure, congestion | S4 | 157.50/00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation below the 158.77/159.00 resistance has given way to break to extend gains from the September low to approach the 160.00 figure. Overbought intraday and daily studies suggest consolidation here before further extension can be expected. Clearance, if seen, will see room to the 160.40/50 September high and congestion area. Meanwhile, recent highs at 159.00 and 158.77 now turned support is expected to underpin. Would take break here to ease the upside pressure and see deeper pullback to the 158.00 congestion.