Published: 2026-06-29T13:05:38.000Z
Chart USD/JPY Update: Consolidating - background studies rising
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Little change, as prices extend cautious trade beneath critical resistance at the 161.95 multi-year high of July 2024
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | * | historic congestion | S1 | 161.50 | intraday break level | ||
| R3 | 163.95 | * | December 1986 high | S2 | 161.00 | * | intraday lows | |
| R2 | 163.00 | * | historic congestion | S3 | 160.00 | ** | congestion | |
| R1 | 161.95 | ** | July 2024 multi-year high | S4 | 159.50~ | * | 11 Jun (w) low |
Asterisk denotes strength of level
13:40 BST - Little change, as prices extend cautious trade beneath critical resistance at the 161.95 multi-year high of July 2024. Daily readings are mixed, highlighting room for further range extension, before rising weekly charts prompt fresh gains. A close above here is needed to confirm continuation of long-term bull trends, initially towards historic congestion around 163.00. Meanwhile, support remains down to 161.00, and should underpin any immediate setbacks. If broken, focus will then turn to congestion around 160.00, where fresh buying interest/consolidation is expected to appear.