Published: 2026-11-09T08:58:43.000Z
Chart USD/JPY Update: Choppy in multi-week range
1
Little change, as prices extend choppy trade above congestion support at 158.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40 | ** | 2 Sep (m) high | S1 | 158.00 | ** | congestion | |
| R3 | 160.00 | ** | congestion | S2 | 157.50 | congestion | ||
| R2 | 159.75 | ** | intraday lows | S3 | 157.00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.95/00 | ** | 50% ret; congestion |
Asterisk denotes strength of level
08:40 GMT - Little change, as prices extend choppy trade above congestion support at 158.00. Intraday studies are turning down and daily stochastics are also under pressure, highlighting room for a test beneath here. But the positive daily Tension Indicator and rising weekly charts should limit any break in renewed buying interest/consolidation above further congestion around 157.50.
Meanwhile, resistance remains at congestion around 159.00. But any immediate gains should remain capped beneath here, as prices extend multi-week range trade within the broad 157.00 - 159.00 range.