Published: 2026-09-02T01:06:40.000Z
Chart USD/JPY Update: Extending gains
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Consolidation below the 160.20 high of last week has given way to break to extend gains from the 155.22, August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95/00 | ** | 2024 yr high, congestion | S1 | 159.50 | * | congestion | |
| R3 | 161.00/30 | * | congestion | S2 | 159.00 | * | congestion | |
| R2 | 161.60 | * | 61.8% Jul/Aug fall | S3 | 158.50/00 | ** | congestion | |
| R1 | 160.50 | ** | congestion | S4 | 157.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation below the 160.20 high of last week has given way to break to extend gains from the 155.22, August low. Nearby will see room to strong resistance at the 160.50/160.60, congestion and 61.8% Fibonacci level which is expected to cap. break here, if seen, will open up room towards the 161.00/30 area and 161.95, 2024 year high. Meanwhile, support remains at the 159.50/159.00 congestion area. Would take break here to fade the upside pressure and open up room for deeper pullback to strong support at the 158.50/158.00 congestion area.