Published: 2026-08-31T01:10:05.000Z
Chart USD/JPY Update: Extending gains
2
Settled back in consolidation around the 160.00 level following extension to 160.20 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 yr high | S1 | 159.00 | * | congestion | |
| R3 | 161.00/30 | * | congestion | S2 | 158.50/00 | ** | congestion | |
| R2 | 160.50 | ** | congestion | S3 | 157.00 | ** | congestion | |
| R1 | 160.00 | ** | figure | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
01:00 GMT - Settled back in consolidation around the 160.00 level following extension to 160.20 high. Daily studies have turned positive and suggest scope for further gains to extend gains from the 155.22 low. Higher will see room for extension to strong resistance at the 160.50 congestion which is expected to cap. Break here, if seen, will open up room to 161.00/30 area. Meanwhile, support remains at the 159.00 level. Would take break here to fade the upside pressure and see room for deeper pullback to support at the 158.50/158.00 congestion area.