Chart USD/JPY Update: Sharply lower, focus turn to 152.10 January YTD low
Consolidation above the 155.22/155.00 support has given way to break to exend sharp losses from the 160.00/160.50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.00 | * | 20 Aug low | S1 | 153.00 | * | congestion | |
| R3 | 157.00 | * | congestion | S2 | 152.10 | ** | 27 Jan YTD low | |
| R2 | 156.00 | * | congestion | S3 | 152.00 | * | 50% 2025/2026 rally | |
| R1 | 155.00/22 | ** | May, Aug lows | S4 | 150.92 | * | Aug 2025 high |
Asterisk denotes strength of level
00:50 GMT - Consolidation above the 155.22/155.00 support has given way to break to exend sharp losses from the 160.00/160.50 area. Break here confirm a top in place at the 164.00 July high and suggest room for further losses to retrace rally from the April 2025 year low. Losses through the 154.00 congestion see room to 153.00 next but potential is seen for extension to retest the 152.10, January current year low, then 152.00, 50% Fibonacci level. Meanwhile, resistance is lowered to the 155.00/155.22 lows of May and August which should now cap and sustain losses from the 160.00/160.50 resistance.