Published: 2026-08-05T00:52:11.000Z
Chart USD/JPY Update: Consolidating below 158.00 resistance
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Settled into consolidation within the 157.00/158.00 range area following bounce from the 155.23 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | * | congestion | S1 | 156.00 | * | congestion | |
| R3 | 159.45 | * | Jan high | S2 | 155.00 | ** | May low | |
| R2 | 159.00 | * | congestion | S3 | 154.85 | * | 38.2% 2025/2026 rally | |
| R1 | 158.00 | ** | congestion | S4 | 154.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Settled into consolidation within the 157.00/158.00 range area following bounce from the 155.23 low as prices consolidate sharp losses from the 164.00 high. Would take break above 158.00 congestion and previous channel support to open up room for stronger bounce to resistance at the 159.00/159.45 congestion and January high. Corrective bounce is expected to give way to renewed selling pressure later to retest support at the 157.00/156.00 congestion area. Break here will expose the 155.23 low to retest and see room for extension to 154.85 Fibonacci level and 154.00 congestion.