Published: 2026-05-22T00:47:02.000Z
Chart USD/JPY Update: Extend consolidation at the 159.00
1
Little change, as prices extend consolidating around the 159.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-year high | S1 | 158.60 | 18 May low | ||
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 158.00 | * | congestion | |
| R2 | 160.00 | ** | figure, congestion | S3 | 157.50 | ** | congestion | |
| R1 | 159.45 | * | Jan high | S4 | 157.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices extend consolidating around the 159.00 level. However, pressure remains on the upside and see room to extend strong gains from the 155.00 low to resistance at 159.45 January high. Higher still, will see room to the 160.00 figure which is expected to cap. Meanwhile, support starts at 158.60 Monday's low. Below this will see room for deeper pullback to the strong support at 158.00/157.50 area which is expected to underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 157.00/156.00 congestion area.