Published: 2026-05-18T00:58:17.000Z
Chart USD/JPY Update: Extending gains
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Extending strong gains last week through the 157.50/158.00 resistance to approach the 159.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.72 | ** | 30 Apr YTD high | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | ** | figure | S2 | 157.50 | ** | congestion | |
| R2 | 159.45 | * | Jan high | S3 | 157.00 | * | congestion | |
| R1 | 159.00 | ** | congestion | S4 | 156.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Extending strong gains last week through the 157.50/158.00 resistance to approach the 159.00 level. Would expect reaction here but a later break cannot be ruled out to open up room for extension to strong resistance at 159.45 January high and the 160.00 figure. The latter is expected to cap and give way to selling pressure later. Meanwhile, support is raised to the 158.00/157.50 congestion area. Would take break here to fade the upside pressure and return focus to the downside for retest of support at the 157.00/156.00 congestion area.