Published: 2026-07-24T01:08:40.000Z
Chart USD/JPY Update: Consolidating test of 164.00
1
Break above the 163.24 Tuesday's high has seen extension to fresh multi-year high to tag the 164.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | * | figure | S1 | 163.24 | * | 21 Jul high | |
| R3 | 164.95 | ** | Nov 1986 high | S2 | 162.84 | * | 1 Jul high | |
| R2 | 164.55 | * | 24 Nov 1986 high | S3 | 162.50/00 | ** | congestion | |
| R1 | 164.00 | ** | Dec 1986 high | S4 | 161.28/00 | * | 10 Jul low, congestion |
Asterisk denotes strength of level
01:00 GMT - Break above the 163.24 Tuesday's high has seen extension to fresh multi-year high to tag the 164.00 level. Bullish gains from the April low keep pressure firmly on the upside and suggest scope for break higher. Beyond this, will see scope to retest 164.55/164.95 highs of November 1986 and the 195.00 figure. Meanwhile, support is raised to the 163.24 and 162.84 recent highs which should now underpin. Would take break of these to ease the upside pressure and see room for consolidation to support at 162.00 and 161.28/00 area.