Published: 2026-05-07T13:12:47.000Z
Chart USD/JPY Update: Consolidating losses - studies under pressure
1
Little change, as prices extend consolidation above congestion support at 156.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | historic congestion | S1 | 156.00 | ** | congestion | |
| R3 | 159.00 | * | congestion | S2 | 155.40 | ** | 61.8% ret of Feb-Mar rally | |
| R2 | 158.00 | ** | congestion | S3 | 155.00 | ** | congestion | |
| R1 | 157.50 | ** | 19 Mar (w) low | S4 | 154.50 | congestion |
Asterisk denotes strength of level
13:55 BST - Little change, as prices extend consolidation above congestion support at 156.00. Daily readings remain under pressure and broader weekly charts are turning down, highlighting room for further losses in the coming sessions. A break back below 156.00 will open up the 155.40 Fibonacci retracement. A further close beneath here will turn sentiment negative and extend late-April losses initially towards congestion around 155.00. Meanwhile, resistance remains up to 157.50 and should cap any immediate tests higher.