Published: 2026-04-23T00:48:59.000Z
Chart USD/JPY Update: Higher in consolidation
1
Edging higher in consolidation above the 159.00 level as prices extend bounce from the 158.00/157.50 support last Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 159.00 | congestion | ||
| R3 | 160.46 | ** | 30 Mar YTD high | S2 | 158.00 | ** | congestion | |
| R2 | 160.00 | ** | figure, congestion | S3 | 157.50 | ** | 19 Mar low | |
| R1 | 159.50 | * | congestion | S4 | 157.25 | * | 38.2% Jan/Mar rally |
Asterisk denotes strength of level
00:45 GMT - Edging higher in consolidation above the 159.00 level as prices extend bounce from the 158.00/157.50 support last Friday. Above resistance at the 159.50 congestion will expose the 160.00 figure to retest. However, the latter is expected to cap and extend ranging action within the broad 160.00/158.00 area. Lower high sought to further pressure the 158.00 support later and where break will expose strong support at 157.50 to retest. Below this will confirm a top in place at the 160.46 high and see room for deeper pullback to retrace gains from the January low.