Published: 2026-05-12T00:45:09.000Z
Chart USD/JPY Update: Higher in consolidation
1
Pressing higher as prices extend bounce from the 155.00 spike low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | * | Jan high | S1 | 156.00 | * | congestion | |
| R3 | 159.00 | ** | congestion | S2 | 155.00 | * | congestion | |
| R2 | 158.00 | ** | congestion | S3 | 154.30/00 | ** | 200-day MA, congestion | |
| R1 | 157.50 | * | 19 Mar low | S4 | 152.75 | * | 38.2% 2025/Apr rally |
Asterisk denotes strength of level
00:35 GMT - Pressing higher as prices extend bounce from the 155.00 spike low to retrace losses from the 160.72 current year high. Regaining the 157.00 level see scope for retest of strong resistance at 157.50 and extending to the 158.00 congestion. This area is expected to cap and give way to renewed selling pressure later. Meanwhile, support remains at the 156.00 congestion and break here will open up room for retest the 155.00 low. Below the latter will see room for extension to support at the 154.30/00, 200-day MA and congestion area.