Published: 2026-03-06T01:02:35.000Z
Chart USD/JPY Update: Extend consolidation below 158.00
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Back in consolidation below the 158.00 resistance after minor test below the 157.00 level was checked at the 156.45 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 157.00 | congestion | ||
| R3 | 159.23 | * | 23 Jan high | S2 | 156.45 | * | 5 Mar low | |
| R2 | 159.00 | * | congestion | S3 | 156.00 | * | congestion | |
| R1 | 158.00 | ** | congestion | S4 | 155.65 | * | 20 Feb high |
Asterisk denotes strength of level
01:00 GMT - Back in consolidation below the 158.00 resistance after test below the 157.00 level was checked at the 156.45 low. Break above the 158.00 level will clear the way for retest of resistance at 159.00 and the 159.23/159.45, January highs. However, overbought daily chart caution corrective pullback to retrace gains from the 152.27 February low. Below the 157.00 level and 156.45 low will open up room to support at the 156.00/155.65 area. Break here will return focus to the downside and see scope to retest support at 155.00/154.00 area.