Published: 2026-08-28T00:50:24.000Z
Chart USD/JPY Update: Firm above the 159.00 level
1
Retains a firm tone above the 159.00 level following bounce from the 158.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00/30 | * | congestion | S1 | 159.00 | * | congestion | |
| R3 | 160.50 | ** | congestion | S2 | 158.50/00 | ** | congestion | |
| R2 | 160.00 | ** | figure | S3 | 157.00 | ** | congestion | |
| R1 | 159.78 | ** | 18 Aug high | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
00:45 GMT - Retains a firm tone above the 159.00 level following bounce from the 158.00 low. The daily studies remains mixed but further gains to retest the 159.78 high of 18 August cannot be ruled out. Would take break here to open up room for extension to strong resistance at the 160.00 figure and 160.50 congestion. Meanwhile, support remains at the 159.00 level. Below here will open up room for pullback to support at the 158.50/158.00 area. Would take break of the latter to return focus to the downside to retrace strong bounce from the 155.22 low towards support at 157.00/156.65 congestion and 7 August low.