Published: 2026-02-27T14:41:20.000Z
Chart USD/JPY Update: Consolidating - background studies under pressure
1
Little change, as prices extend cautious trade above congestion support at 156.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.00 | * | congestion | S1 | 156.00 | * | congestion | |
| R3 | 158.00 | * | break level | S2 | 155.00 | * | break level | |
| R2 | 157.50 | * | congestion | S3 | 154.00 | * | congestion | |
| R1 | 156.80~ | 25 Feb high | S4 | 152.50 | * | congestion |
Asterisk denotes strength of level
14:00 GMT - Little change, as prices extend cautious trade above congestion support at 156.00. The daily Tension Indicator is rising, highlighting room for a retest higher. But flattening overbought daily stochastics and negative weekly charts charts should limit scope in renewed selling interest beneath the 156.80~ high of 25 February. Following cautious trade, fresh losses are looked for. A break back below 156.00 will open up 155.00. But already oversold weekly stochastics could limit any initial tests in consolidation.