Published: 2026-04-02T00:58:47.000Z
Chart USD/JPY Update: Room to extend losses
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Keeping below the 159.00 level as prices consolidate losses to 158.27 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.46 | ** | 30 Mar YTD high | S2 | 157.50 | ** | 19 Mar low | |
| R2 | 160.00 | * | congestion | S3 | 157.25 | * | 38.2% Jan/Mar rally | |
| R1 | 159.00/45 | ** | congestion, Jan high | S4 | 156.50 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Keeping below the 159.00 level as prices consolidate losses to 158.27 low. Negative daily studies are unwinding overbought readings and see room for deeper pullback to the 158.00 level and strong support at 157.50 low of 19 March. Break here will open up room for deeper pullback to retrace gains from the January/February lows. Meanwhile, resistance is lowered to the 159.00/159.45 congestion and January high which is expected to cap. Regaining this will revive upside focus and return focus to the upside for retest of the 160.00 level and 160.46 high.