Published: 2026-04-27T00:51:09.000Z
Chart USD/JPY Update: Drifting lower from 159.85/160.00 resistance
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Little change, as prices drift narrowly following retest of the recent highs at 159.85/160.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-yr high | S1 | 159.00 | congestion | ||
| R3 | 161.00 | * | congestion | S2 | 158.00 | ** | congestion | |
| R2 | 160.46 | ** | 30 Mar YTD high | S3 | 157.50 | ** | 19 Mar low | |
| R1 | 160.00 | ** | figure, congestion | S4 | 157.25 | * | 38.2% Jan/Mar rally |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices drift narrowly following retest of the recent highs at 159.85/160.00. This is expected to cap and see prices extend consolidation within the broad ranging action between the 160.00/158.00 area. Lower high sought to further pressure support at the 159.00 level. Below this will see room for retest of the 158.50/158.00 congestion. Lower still will see room to strong support at 157.50. Break here will confirm a top in place at the 160.46 March current year high and see room for deeper pullback to retrace gains from the January low.