Published: 2026-03-04T01:03:57.000Z
Chart USD/JPY Update: Consolidating test of 157.90/158.00 resistance
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Gains to retest the 157.90/158.00 resistance has given way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 157.00 | * | congestion | |
| R3 | 159.23 | * | 23 Jan high | S2 | 156.00 | * | congestion | |
| R2 | 158.00 | * | congestion | S3 | 155.00 | * | congestion | |
| R1 | 157.90 | ** | Nov high | S4 | 154.00 | * | 23 Feb low |
Asterisk denotes strength of level
01:00 GMT - Gains to retest the 157.90/158.00 resistance has given way to consolidation as prices unwind overbought intraday studies. Daily chart are stretched as well and suggest consolidation likely to extend though a later break cannot be ruled out. Clearance, will return focus to the 159.23 and 159.45, January highs. Meanwhile, support remains at the 157.00/156.00 congestion area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to retrace gains from 152.27/10, February/January lows.