Published: 2026-07-21T01:06:32.000Z
Chart USD/JPY Update: Extend consolidation below 162.70/84 highs
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Little change, but pressure remains firmly on the upside above the 162.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00 | * | Dec 1986 high | S1 | 162.00 | * | congestion | |
| R3 | 163.00 | * | congestion from Dec 1986 | S2 | 161.28/00 | * | 10 Jul low, congestion | |
| R2 | 162.84 | ** | 1 Jul multi-yr high | S3 | 160.48 | ** | 3 Jul low | |
| R1 | 162.50 | * | congestion | S4 | 160.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Little change, but pressure remains firmly on the upside above the 162.00 level. While gains are still struggling to sustain probes above the 162.50 congestion bullish structure suggest potential for break of the 162.70/84 highs. Clearance will see room for extension to resistance at the 163.00/164.00 congestion and high of December 1986. Meanwhile, support starts at the 162.00 level. Below here will ease the upside pressure and see room for consolidation to the 161.28/00 area. Would take break here to open up room for pullback to retest the 160.48 low and 160.00 figure.