Published: 2026-06-04T01:02:14.000Z
Chart USD/JPY Update: Room for further test above 160.00
-
Probes above the 160.00 figure to reach 160.09 high has given way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-yr high | S1 | 159.00 | * | congestion | |
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 158.60 | * | 18 May low | |
| R2 | 160.46 | * | Mar high | S3 | 158.00 | * | congestion | |
| R1 | 160.09 | * | 3 Jun high | S4 | 157.50 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Probes above the 160.00 figure to reach 160.09 high has given way to consolidation. However, bullish gains from the 155.00 May low suggest room for further gains to retest resistance at 160.46/160.72, March and April current year high. Would expect these to cap and give way to fresh selling pressure later. Meanwhile, support is raised to the 159.00 congestion and this extend to the 158.60, 18 May low. Would take break of these to fade the upside pressure and open up room for deeper pullback to the strong support at the 158.00/157.50 area.