Published: 2026-05-15T13:12:02.000Z
Chart USD/JPY Update: Pushing higher
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The anticipated break above 158.00 has reached 158.65
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | ** | congestion | S1 | 158.00 | ** | congestion | |
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 157.00 | break level | ||
| R2 | 160.00 | ** | congestion | S3 | 156.00 | ** | congestion | |
| R1 | 159.00 | * | congestion | S4 | 155.40 | ** | 61.8% ret of Feb-Mar rally |
Asterisk denotes strength of level
13:55 BST - The anticipated break above 158.00 has reached 158.65, where flat overbought intraday studies are prompting short-term reactions. Daily readings continue to rise, highlighting room for continuation towards congestion resistance at 159.00. But negative weekly charts should limit scope in renewed selling interest within multi-week distribution beneath 160.00. Meanwhile, support is raised to congestion around 158.00. A close beneath here would turn sentiment neutral and prompt fresh consolidation above 157.00.