Published: 2026-07-23T00:50:35.000Z
Chart USD/JPY Update: Room to extend gains
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Consolidating below 163.24 multi-year high but pressure remains on upside as prices extend gains from the April low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | * | figure | S1 | 162.50/00 | * | congestion | |
| R3 | 164.95 | ** | Nov 1986 high | S2 | 161.28/00 | * | 10 Jul low, congestion | |
| R2 | 164.00 | ** | Dec 1986 high | S3 | 160.48 | ** | 3 Jul low | |
| R1 | 163.24 | * | 21 Jul multi-yr high | S4 | 160.00 | ** | congestion |
Asterisk denotes strength of level
00:45 GMT - Consolidating below 163.24 multi-year high but pressure remains on upside as prices extend gains from the April low. Higher will see room to target the December 1986 high at 164.00. Gains beyond this, if seen, will see scope to 164.95 November 1986 high and 195.00 figure. Meanwhile, support remains at the 162.50/160.00 congestion area which should underpin. Would take break here to ease the upside pressure and see room for consolidation to support at the 161.28/00 area.