Published: 2026-08-20T01:03:38.000Z
Chart USD/JPY Update: Consolidating at 158.00 support, room for lower later
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Steadied at the 158.00 level as prices consolidate sharp pullback from the 159.78 Tuesday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure | S1 | 158.00 | * | congestion | |
| R3 | 159.78 | ** | 18 Aug high | S2 | 157.00 | * | congestion | |
| R2 | 159.00 | * | congestion | S3 | 156.65 | * | 7 Aug low | |
| R1 | 158.50 | * | congestion | S4 | 156.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Steadied at the 158.00 level as prices consolidate sharp pullback from the 159.78 Tuesday's high. Consolidation here is expected to give way to fresh selling pressure later as daily studies unwind overbought readings. Break below 158.00 will see room for deeper pullback to retrace strong bounce from the 155.22 low towards the 157.00 level and 156.65 support. Below here will return focus to the 155.22 low. Meanwhile, resistance is lowered to the 158.50/159.00 area which is expected to cap and sustain pullback from the 159.78 high.