Published: 2026-07-10T00:49:47.000Z
Chart USD/JPY Update: Consolidating below 162.84 high
1
Test higher has seen gains checked at the 162.70 as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.95 | ** | Nov 1986 high | S1 | 162.00 | * | congestion | |
| R3 | 164.00 | * | Dec 1986 high | S2 | 161.00 | * | congestion | |
| R2 | 163.00 | * | congestion from Dec 1986 | S3 | 160.48 | ** | 3 Jul low | |
| R1 | 162.84 | ** | 1 Jul multi-year high | S4 | 160.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Test higher has seen gains checked at the 162.70 as prices unwind overbought intraday studies. However, bullish prices action keeps pressure on the upside and focus firmly on the 162.84 high. Break here, if seen, will extend the underlying bull trend and see room for gains to the 163.00/164.00 congestion and high of December 1986. However, overbought daily and weekly studies caution corrective pullback with support starting at the 162.00/161.00 congestion area. Would take break here and the 160.48 low of 3 July to fade the upside pressure and see deeper pullback to retrace strong gains from the May low.