Published: 2026-08-18T00:55:31.000Z
Chart USD/JPY Update: Pressuring 159.50 resistance
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Consolidation see prices extending choppy trade at the 159.50 congestion but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.50 | * | congestion | |
| R3 | 160.50 | ** | congestion, Mar high | S2 | 158.00 | * | congestion | |
| R2 | 160.00 | * | figure, congestion | S3 | 157.00 | * | congestion | |
| R1 | 159.50 | * | congestion | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
00:45 GMT - Consolidation see prices extending choppy trade at the 159.50 congestion but pressure remains on the upside and see scope for break to extend bullish gains from the 155.22, 3 August low. Higher will see room for extension to the 160.00 figure and strong resistance at the 160.50 congestion and March high. Meanwhile, support remains at the 158.50/158.00 congestion area. Would take break here to return focus to the downside and see pullback to retest of support at the 157.00/156.65 congestion and 7 August low.