Published: 2026-04-16T00:45:08.000Z
Chart USD/JPY Update: Consolidating, but room for lower later
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Little change, as prices extend consolidation at the 158.60 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.60 | * | 14 Apr low | |
| R3 | 160.46 | ** | 30 Mar YTD high | S2 | 158.27/00 | ** | 1 Apr low, congestion | |
| R2 | 160.00 | ** | figure, congestion | S3 | 157.50 | ** | 19 Mar low | |
| R1 | 159.45 | * | Jan high | S4 | 157.25 | * | 38.2% Jan/Mar rally |
Asterisk denotes strength of level
00:40 GMT - Little change, as prices extend consolidation at the 158.60 low following rejection from the 160.00 figure. Negative daily studies suggest this giving way to renewed selling pressure later and lower will see room to retest strong support at the 158.27/158.00 lows. Below this will expose strong support at 157.50 low of 19 March to retest. Break here will confirm a top in place at the 160.46 high and see room for deeper pullback to retrace gains from the January low. Meanwhile, resistance at the 159.00/45 congestion and January high expected to cap and sustain bearish pressure from 160.00/46 highs.