Published: 2026-03-16T01:08:53.000Z
Chart USD/JPY Update: Consolidating below 159.75, fresh year high
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Settled back in consolidation from Friday's fresh year high at 159.75 as prices unwind overbought intraday stuides
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 158.90 | * | 9 Mar high | |
| R3 | 161.00 | * | congestion | S2 | 158.50 | congestion | ||
| R2 | 160.00 | ** | figure | S3 | 158.00 | * | congestion | |
| R1 | 159.75 | ** | 13 Mar YTD high | S4 | 157.65 | ** | 9 Feb high |
Asterisk denotes strength of level
01:00 GMT - Settled back in consolidation from Friday's fresh year high at 159.75 as prices unwind overbought intraday stuides. Daily chart are stretched as well but a later extension to of the strong rally from the February low cannot be ruled out. Higher will see scope to target the 160.00 figure where reaction can be expected. Meanwhile, support is raised to the 159.00/158.90 area which should underpin. Would take break here to open up room for deeper corrective pullback to the 158.50/158.00 congestion area and strong support at 157.65.