Published: 2026-08-04T01:03:32.000Z
Chart USD/JPY Update: Turned up in consolidation towards 158.00 resistance
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Turned up from the 155.23 low as prices unwind oversold intraday studies to consolidate above the 157.00 level
| 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 - Turned up from the 155.23 low as prices unwind oversold intraday studies to consolidate above the 157.00 level. Above here see strong resistance at the 158.00 congestion and previous channel support. Would take break here to pen up room for stronger bounce to resistance at the 159.00/159.45 congestion and January high. Meanwhile, support is raised to the 157.00/156.00 congestion area. Break of these will expose the 155.23 low to retest and see room for extension to 154.85 Fibonacci level and 154.00 congestion.