Published: 2026-05-08T01:00:06.000Z
Chart USD/JPY Update: Higher in consolidation from 155.00 low
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Higher in consolidation above the 156.00 level following bounce from the 155.00 spike low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | * | Jan high | S1 | 156.00 | * | congestion | |
| R3 | 159.00 | ** | congestion | S2 | 155.00 | * | congestion | |
| R2 | 158.00 | ** | congestion | S3 | 154.20/00 | ** | 200-day MA, congestion | |
| R1 | 157.50 | * | 19 Mar low | S4 | 152.75 | * | 38.2% 2025/Apr rally |
Asterisk denotes strength of level
00:50 GMT - Higher in consolidation above the 156.00 level following bounce from the 155.00 spike low. Consolidation is expected to give way to renewed selling pressure later and below the 156.00 level will open up room for retest the 155.00 low. Break of the latter will see scope for extension to support at the 154.20/00, 200-day MA and congestion area. Meanwhile, resistance is lowered to the 157.00 level ahead of the 157.50/158.00 area which is expected to cap corrective bounce and sustain losses from the 160.72, 30 April current year high.