Published: 2026-08-24T01:00:58.000Z
Chart USD/JPY Update: Extend consolidation above 158.00
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Limited on break above the 159.00 level as prices consolidate bounce from the 158.00 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.50 | ** | congestion | S1 | 158.00 | ** | congestion | |
| R3 | 160.00 | ** | figure | S2 | 157.00 | ** | congestion | |
| R2 | 159.78 | ** | 18 Aug high | S3 | 156.65 | * | 7 Aug low | |
| R1 | 159.00 | * | congestion | S4 | 156.00 | * | congestion |
Asterisk denotes strength of level
00:55 GMT - Limited on break above the 159.00 level as prices consolidate bounce from the 158.00 low of last week. Daily studies have turned mixed and suggest further ranging action above the latter. Further probes above 159.00 cannot be ruled out but recent high at the 159.78 is expected to cap. Consolidation above 158.00 is expected to give way to renewed selling pressure later and break here will open up room deeper pullback to retrace strong bounce from the 155.22 low. Lower will see room towards the 157.00 level and 156.65 low of 7 August.