Published: 2026-07-27T01:03:08.000Z
Chart USD/JPY Update: Settled back from multi-year high
2
Settled back from multi-year high just beneath resistance at the 164.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | * | figure | S1 | 163.24 | * | 21 Jul high | |
| R3 | 164.95 | ** | Nov 1986 high | S2 | 162.84 | * | 1 Jul high | |
| R2 | 164.55 | * | 24 Nov 1986 high | S3 | 162.50/00 | ** | congestion | |
| R1 | 164.00 | ** | Dec 1986 high | S4 | 161.28/00 | * | 10 Jul low, congestion |
Asterisk denotes strength of level
00:50 GMT - Settled back from multi-year high just beneath resistance at the 164.00 level. However, bullish gains from the April low keep focus firmly on the upside and suggest scope for further gains ahead. Higher, will see scope to retest 164.55/164.95 highs of November 1986 and the 165.00 figure. Meanwhile, support is raised to the 163.24 and 162.84 recent July highs which should underpin. Would take break of these to ease the upside pressure and see room for consolidation to support at 162.00 and 161.28/00 area.