Published: 2026-06-29T00:48:28.000Z
Chart USD/JPY Update: Pressuring 161.95 resistance
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Little change, as prices consolidate test of the 161.95, July 2024 multi-year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.95 | ** | Nov 1986 high | S1 | 161.00 | * | 19 Jun low | |
| R3 | 164.00 | * | Dec 1986 high | S2 | 160.72 | ** | Apr high | |
| R2 | 163.00 | * | congestion from Dec 1986 | S3 | 160.00 | * | figure | |
| R1 | 161.95 | ** | Jul 2024 multi-year high | S4 | 159.53 | * | 11 Jun low |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices consolidate test of the 161.95, July 2024 multi-year high. Pressure remains on the upside with the small ascending triangle above the 161.00 level suggesting potential for break to extend bullish gains from the 155.00 May low. Higher, will extend the underlying bull trend and see room towards 163.00/164.00 congestion area and high of December 1986. Meanwhile, support remains at the 161.00/160.72 area. Would take break here to ease the upside pressure and open up room for deeper corrective pullback to support at 160.00/159.53 area.