Published: 2026-03-25T00:48:50.000Z
Chart USD/JPY Update: Range-bound in choppy trade
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Extend choppy trade around the 159.00 level following bounce from the 157.50 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | * | congestion | S2 | 157.50 | ** | 19 Mar low | |
| R2 | 159.90 | ** | 18 Mar YTD high | S3 | 157.00 | * | congestion | |
| R1 | 159.45 | * | January high | S4 | 156.45 | * | 5 Mar low |
Asterisk denotes strength of level
00:40 GMT - Extend choppy trade around the 159.00 level following bounce from the 157.50 low of last week. Negative daily studies suggest consolidation giving way to renewed selling pressure later. Break of the 158.00 level and 157.50 low will open up room for deeper pullback to retrace strong gains from the 152.27, February low. Lower will see room to support at 157.00 congestion then the 156.45/00 area. Meanwhile, resistance at the 159.45/90 high expected to cap. Clearance here, if seen, will turn focus to the 161.00 level then the 161.95, July 2024 multi-year high.