Published: 2025-11-19T14:47:45.000Z
Chart USD/JPY Update: Trading at January levels
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Cautious trade has given way to fresh gains in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.88 | ** | January YTD high | S1 | 156.00 | * | congestion | |
| R3 | 158.00 | * | break level | S2 | 155.00 | * | break level | |
| R2 | 157.00 | * | congestion | S3 | 154.00 | * | break level | |
| R1 | 156.75 | late Jan (w) high | S4 | 153.00 | * | congestion |
Asterisk denotes strength of level
14:15 GMT - Cautious trade has given way to fresh gains in both USD- and JPY-driven trade, with prices currently trading around January levels. Focus is on the 156.75 weekly high of mid-January, with room for a break above here as daily readings continue to rise. Congestion around 157.00 will then attract. But flat overbought weekly stochastics could limit any immediate break in consolidation beneath 158.00. Meanwhile, support is raised to congestion around 156.00. A close beneath here will turn sentiment neutral and open up 155.00.