Published: 2025-11-26T00:55:52.000Z
Chart USD/JPY Update: Consolidating at 156.00, room for lower later
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Steadied at the 156.00 level as prices consolidate pullback from the 157.90 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure | S1 | 156.00 | * | congestion | |
| R3 | 158.87 | ** | 10 Jan YTD high | S2 | 155.00 | * | congestion | |
| R2 | 157.90/00 | ** | 20 Nov high, congestion | S3 | 154.45/00 | ** | 30 Oct high, congestion | |
| R1 | 157.00 | * | congestion | S4 | 153.27 | * | 10 Oct high |
Asterisk denotes strength of level
00:50 GMT - Steadied at the 156.00 level as prices consolidate pullback from the 157.90 high of last week. Daily studies are unwinding overbought readings and suggest scope for break to open up room for deeper pullback to the 155.00 congestion. Lower still, will see room to the strong support at the 154.45/154.00 area. Meanwhile, resistance is lowered to the 157.00 level ahead of the 157.90 high. Would need to clear these to see continuation of the April gains to retest the 158.87, January YTD high.