Published: 2026-05-20T12:35:27.000Z
Chart USD/JPY Update: Extending consolidation around 159.00 - daily studies rising
1
Still little change, as prices extend consolidation around congestion resistance at 159.00 following a spike to 159.25
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | ** | congestion | S1 | 158.00 | ** | congestion | |
| R3 | 160.72 | ** | 30 Apr YTD high | S2 | 157.00 | break level | ||
| R2 | 160.00 | ** | congestion | S3 | 156.00 | ** | congestion | |
| R1 | 159.00/25 | * | congestion; 19 May high | S4 | 155.40 | ** | 61.8% ret of Feb-Mar rally |
Asterisk denotes strength of level
13:25 BST - Still little change, as prices extend consolidation around congestion resistance at 159.00 following a spike to 159.25. Daily readings continue to rise, highlighting room for further gains in the coming sessions. But mixed weekly charts should limit any fresh break above 159.00 in renewed selling interest/consolidation within multi-week distribution beneath 160.00. Meanwhile, support remains at congestion around 158.00. A close beneath here, if seen, would turn sentiment neutral and prompt fresh consolidation above 157.00.