Published: 2026-04-01T01:10:26.000Z
Chart USD/JPY Update: Extending pullback from 160.46 high
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Consolidation below the 160.46 fresh year high has given way to selling pressure through support at the 159.45/159.00 area
| 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 | 159.45 | ** | Jan high | S4 | 156.50 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation below the 160.46 fresh year high has given way to selling pressure through support at the 159.45/159.00 area. Daily studies have turned down to unwind overbought readings and see room for pullback to strong support at the 158.00/157.50 area. Weekly studies are stretched as well and suggest scope for break here to open up room for deeper pullback to retrace gains from the January/February lows. Meanwhile, resistance is lowered to the 159.45 January high which is expected to cap and sustain losses from the 160.46 high.