Published: 2026-04-17T01:01:23.000Z
Chart USD/JPY Update: Extend consolidation within 160.00/158.00 range
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Retest of strong support at the 158.27/158.00 lows has given way to bounce to regain the 159.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.27/00 | ** | 1 Apr low, congestion | |
| R3 | 160.46 | ** | 30 Mar YTD high | S2 | 157.50 | ** | 19 Mar low | |
| R2 | 160.00 | ** | figure, congestion | S3 | 157.25 | * | 38.2% Jan/Mar rally | |
| R1 | 159.45 | * | Jan high | S4 | 157.00 | congestion |
Asterisk denotes strength of level
00:50 GMT - Retest of strong support at the 158.27/158.00 lows has given way to bounce to regain the 159.00 level. Nearby see resistance at the 159.45 January high then the 160.00 figure which is expected to cap to extend ranging action within the 160.00/158.00 area. The 160.00 level is expected to cap and give way to renewed selling pressure later. Break of the 158.27/158.00 support expose strong support at 157.50 low of 19 March to retest. Would take break here to confirm a top in place at the 160.46 high and see room for deeper pullback to retrace gains from the January low.