Published: 2026-04-13T13:17:41.000Z
Chart USD/JPY Update: Strong resistance at the 160.45 current year high
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Early gains are giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | July 2024 (y) high | S1 | 159.00 | * | congestion | |
| R3 | 161.00 | * | July 2024 congestion | S2 | 158.00 | * | break level | |
| R2 | 160.45 | ** | 30 Mar YTD high | S3 | 157.35/50 | ** | 38.2% ret; 19 Mar (w) low | |
| R1 | 160.00 | ** | historic congestion | S4 | 157.00 | * | congestion |
Asterisk denotes strength of level
14:05 BST - Early gains are giving way to consolidation, with prices currently balanced around 159.70. Daily readings are turning mixed/positive, putting focus on congestion around 160.45. But mixed/negative weekly charts should limit any immediate break in renewed selling interest/consolidation beneath strong resistance at the 160.45 current year high of 30 March. A close above here, however, will improve sentiment and extend September 2024 gains initially towards 161.00. Meanwhile, support is raised to congestion around 159.00. A close beneath here, if seen, will open up 158.00, where further consolidation is expected to develop.