Published: 2025-11-21T00:58:51.000Z
Chart USD/JPY Update: Focus on 158.87 January high
1
Settled back in consolidation beneath the 158.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-year high | S1 | 156.75 | * | congestion | |
| R3 | 160.00 | ** | figure | S2 | 156.00 | * | congestion | |
| R2 | 158.87 | ** | 10 Jan YTD high | S3 | 155.04/00 | * | 12 Nov high, congestion | |
| R1 | 158.00 | * | congestion | S4 | 154.45 | ** | Oct high |
Asterisk denotes strength of level
00:50 GMT - Settled back in consolidation beneath the 158.00 level as prices unwind overbought intraday studies. While both the daily and weekly studies are overbought further gains cannot be ruled out to retest the 158.87, January YTD high. However, would expect reaction here to correct recent strong gains from the 145.50, September low. Meanwhile, support is raised to the 156.75/00 area which now underpin. Only below here will ease the upside pressure and see room for corrective pullback to strong support at the 155.00/154.45 area.