Published: 2026-03-05T14:40:49.000Z
Chart USD/JPY Update: Choppy trade - studies improving
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The anticipated minor test lower has bounced from 156.45
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 157.00 | congestion | ||
| R3 | 159.00 | * | congestion | S2 | 156.45 | 4 Mar low | ||
| R2 | 158.00 | * | break level | S3 | 156.00 | * | congestion | |
| R1 | 157.50 | * | congestion | S4 | 155.00 | * | break level |
Asterisk denotes strength of level
14:20 GMT - The anticipated minor test lower has bounced from 156.45, as oversold intraday studies unwind, with steady buying interest leading to consolidation around congestion resistance at 157.50. Overbought daily stochastics are turning down, suggesting potential for further cautious trade, before the rising daily Tension Indicator and improving weekly charts prompt further gains. A close above resistance at 158.00 will improve sentiment and extend late-January gains towards congestion around 159.00. Meanwhile, congestion support at 156.00 should underpin any immediate setbacks.