Published: 2026-10-21T00:55:27.000Z
Chart USD/JPY Update: Still supported in choppy trade
1
Sustaining bullish bias in choppy trade at the 158.00 level to retest the 200-day MA, currently at 158.54
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.40/50 | * | Sep high, congestion | S1 | 157.50 | congestion | ||
| R3 | 160.00 | ** | figure, congestion | S2 | 157.00 | * | congestion | |
| R2 | 159.75 | * | 61.8% Jul/Sep fall | S3 | 156.50/00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Sustaining bullish bias in choppy trade at the 158.00 level to retest the 200-day MA, currently at 158.54. The resulting ascending triangle from the 156.50/00 support suggest scope for push higher to retest the 159.00 resistance. Break here will extend the broader gains from the 152.90 September low and see room for extension to 159.75 Fibonacci level then the strong resistance at the 160.00 figure. Meanwhile, support at the 157.50/157.00 area now underpin. Would take break here to ease the upside pressure and see room for pullback to support at the 156.50/156.00 area.