Published: 2026-05-27T07:20:24.000Z
Chart USD/JPY Update: Room for a test higher
2
Little change, as prices extend consolidation within resistance at congestion around 159.00 and the 159.35 weekly high of 21 May
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | ** | congestion | S1 | 158.60~ | * | 20 May (w) low | |
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 158.00 | ** | congestion | |
| R2 | 160.00 | ** | congestion | S3 | 157.00 | break level | ||
| R1 | 159.00/35 | * | congestion; 21 May (w) high | S4 | 156.00 | ** | congestion |
Asterisk denotes strength of level
08:15 BST - Little change, as prices extend consolidation within resistance at congestion around 159.00 and the 159.35 weekly high of 21 May. Daily readings continue to rise, highlighting room for further gains in the coming sessions. But already overbought daily stochastics and mixed weekly charts should limit any fresh break above here in renewed consolidation within multi-week distribution beneath 160.00. Meanwhile, support is at the 158.60~ weekly low of 20 May. A close beneath here would add weight to sentiment and give way to further losses towards congestion around 158.00.