Chart USD/JPY Update: Choppy beneath fresh year high
Anticipated gains have extended to post a fresh 2026 year high around 161.80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 163.95 | * | December 1986 high | S1 | 161.00 | intraday lows | ||
| R3 | 163.00 | * | historic congestion | S2 | 160.00 | ** | congestion | |
| R2 | 161.95 | ** | July 2024 multi-year high | S3 | 159.50~ | * | 11 Jun (w) low | |
| R1 | 161.80 | fresh 2026 year high | S4 | 159.00 | * | congestion |
Asterisk denotes strength of level
13:55 BST - Anticipated gains have extended to post a fresh 2026 year high around 161.80, before settling into choppy trade above support at the 161.00 intraday lows. Intraday studies are under pressure, highlighting room for a test beneath here. But positive daily readings and rising weekly charts should limit any break in renewed buying interest towards congesion support at 160.00. Following cautious/corrective trade, fresh gains are looked for. However, a close above critical multi-year resistance at the 161.95 high of July 2024 is needed to turn sentiment positive and extend long-term bull trends towards historic congestion around 163.00.