Published: 2026-03-30T00:59:39.000Z
Chart USD/JPY Update: Consolidating at 160.00 level
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Gains at the open has seen prices edging to fresh high at 160.46 before settling back in consolidation at the 160.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 162.40 | ** | upper channel | S1 | 159.45 | * | Jan high | |
| R3 | 161.95 | ** | 3 Jul 2024 yr high | S2 | 159.00 | * | congestion | |
| R2 | 161.00 | * | congestion | S3 | 158.00 | * | congestion | |
| R1 | 160.46 | intraday high | S4 | 157.50 | ** | 19 Mar low |
Asterisk denotes strength of level
00:50 GMT - Gains at the open has seen prices edging to fresh high at 160.46 before settling back in consolidation at the 160.00 level to unwind overbought intraday studies. However, further gains cannot be ruled out and higher will see room for extension to the 161.00 level. Gains beyond this, if seen, will see potential for retest 161.95, July 2024 multi-year high. Meanwhile, support is raised to the 159.45/159.00 January high and congestion area which should now underpin and sustain bounce from the 157.50, 19 March low.