Published: 2026-05-14T00:46:08.000Z
Chart USD/JPY Update: Higher to approach 158.00 resistance
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Pressing higher as prices extend gains from the 155.00 spike low of last week to retrace losses from the 160.72 April current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | * | figure | S1 | 157.00 | * | congestion | |
| R3 | 159.45 | * | Jan high | S2 | 156.00 | * | congestion | |
| R2 | 159.00 | ** | congestion | S3 | 155.02/00 | ** | 6 May low, congestion | |
| R1 | 158.00 | ** | congestion | S4 | 154.40 | * | 200-day MA |
Asterisk denotes strength of level
00:40 GMT - Pressing higher as prices extend gains from the 155.00 spike low of last week to retrace losses from the 160.72 April current year high to approach strong resistance at the 158.00 congestion which is expected to cap. Break here, if seen, will open up room for stronger gains to the 158.50/159.00 congestion area. Meanwhile, support remains at the 157.00/156.00 congestion area. Would take break here to return focus to the downside for retest of the 155.00 low and further extend the April losses. Lower will see scope to 154.40/00, 200-day MA and congestion area.