Published: 2026-07-28T00:56:57.000Z
Chart USD/JPY Update: Consolidating below 164.00
1
Settled back in consolidation from test of 164.00, December 1986 high
| 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
00:50 GMT - Settled back in consolidation from test of 164.00, December 1986 high. Recent strong gains from the April low keep focus firmly on the upside and suggest scope for break here to extend the underlying bull trend. Higher, will see scope for extension to retest 164.55/164.95 highs of November 1986 and the 165.00 figure. Meanwhile, support is at the 163.24 and 162.84 recent July highs which should 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.