Published: 2026-08-14T00:54:07.000Z
Chart USD/JPY Update: Consolidating, but still room for higher
1
Consolidating test of resistance at the 159.45/50 congestion area 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 | 159.45 | ** | Jan high | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
00:50 GMT - Consolidating test of resistance at the 159.45/50 congestion area but pressure remains on the upside and see scope to extend bullish prices action from the 155.22 low of last week. Higher will see room for extension to the 160.00 figure then 160.50 congestion and March high. Gains are seen corrective of sharp losses from the 164.00 high and expected to give way to fresh selling pressure later. Would take break of support at the 158.50/158.00 area to return focus to the downside for retest of support at 157.00/156.65 area and lower.