Published: 2026-03-13T01:05:15.000Z
Chart USD/JPY Update: Pressuring 159.45, January high
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Break above the 158.90 high of Monday has seen gains to retest 159.45, January current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 158.00 | * | congestion | |
| R3 | 161.00 | * | congestion | S2 | 157.65 | ** | Feb high | |
| R2 | 160.00 | ** | figure | S3 | 157.00 | * | congestion | |
| R1 | 159.45 | ** | 14 Jan YTD high | S4 | 156.45 | * | 5 Mar low |
Asterisk denotes strength of level
01:00 GMT - Break above the 158.90 high of Monday has seen gains to retest 159.45, January current year high. Positive daily and weekly studies keeps pressure on the upside and suggest scope for break here to further extend gains within the bullish channel from the April low. Clearance will see scope to target the 160.00 figure where reaction can be expected. Meanwhile, support is raised to the 158.00/157.65 area which should underpin. Would take break here to fade the upside pressure and retrace gains from the 152.27/152.10 February/January lows.