Chart USD/JPY Update: Extend choppy trade around 159.00
Little change, as prices extend consolidation around the 159.00 level following pullback from the 159.35 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.72 | ** | 30 Apr YTD high | S1 | 158.60 | 18 May low | ||
| R3 | 160.00 | ** | figure, congestion | S2 | 158.00 | * | congestion | |
| R2 | 159.45 | * | Jan high | S3 | 157.50 | ** | congestion | |
| R1 | 159.00 | * | congestion | S4 | 157.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices extend consolidation around the 159.00 level following pullback from the 159.35 high of last week. Resistance here and the January high at 159.45 are expected to cap. Would take break to extend strong gains from the 155.00 low and see room to the 160.00 figure. Meanwhile, support remains at the 158.60 low of last week. Would take break here to open up room for deeper pullback to the strong support at the 158.00/157.50 area which is expected to underpin. Break here will fade the upside pressure and open up room for deeper pullback to the 157.00/156.00 congestion area.