Published: 2026-05-20T00:50:30.000Z
Chart USD/JPY Update: Extending May gains
1
Probes above the 159.00 level has seen gains to 159.25 high as prices extend gains from the 155.00 low of 6 May
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-yr high | S1 | 158.60 | 18 May low | ||
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 158.00 | * | congestion | |
| R2 | 160.00 | ** | figure | S3 | 157.50 | ** | congestion | |
| R1 | 159.45 | * | Jan high | S4 | 157.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Probes above the 159.00 level has seen gains to 159.25 high as prices extend gains from the 155.00 low of 6 May. Higher still, will see scope for extension to strong resistance at 159.45 January high then the 160.00 figure where renewed selling pressure can be expected. Meanwhile, support is raised to the 158.60 Monday's low. Would take break here to see room for deeper pullback to the strong support at 158.00/157.50 area. Below here will fade the upside pressure and open up room for deeper pullback to the 157.00/156.00 congestion area.