Published: 2026-03-31T01:06:29.000Z
Chart USD/JPY Update: Consolidating, support at 159.45/159.00 area
-
Settled back from the 160.46 fresh year high as prices consolidate gains from the 157.50 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 162.40 | ** | upper channel | S1 | 159.45 | * | Jan high | |
| R3 | 161.95 | ** | 3 Jul 2024 yr high | S2 | 159.00 | * | congestion | |
| R2 | 161.00 | * | congestion | S3 | 158.00 | * | congestion | |
| R1 | 160.46 | ** | 30 Mar YTD high | S4 | 157.50 | ** | 19 Mar low |
Asterisk denotes strength of level
01:00 GMT - Settled back from the 160.46 fresh year high as prices consolidate gains from the 157.50 low and unwind overbought intraday studies. Daily and weekly studies remains positive but are stretched and threatens corrective pullback to unwind overbought readings. Would take break of the 159.45/159.00 support to open up room for deeper pullback to strong support at the 158.00/157.50 area. Meanwhile, break above the 160.46 high will see room for extension to the 161.00 level. Clearance here will return focus to 161.95, July 2024 multi-year high.