Published: 2026-04-21T07:55:26.000Z
Chart USD/JPY Update: Consolidating
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Little change, as prices extend cautious trade just beneath congestion resistance at 159.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | July 2024 congestion | S1 | 158.00 | ** | congestion | |
| R3 | 160.45 | ** | 30 Mar YTD high | S2 | 157.35/50 | ** | 38.2% ret; 19 Mar (w) low | |
| R2 | 160.00 | ** | historic congestion | S3 | 157.00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 156.35 | ** | 50% ret of Feb-Mar rally |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend cautious trade just beneath congestion resistance at 159.00. Oversold daily stochastics and the bearish daily Tension Indicator are flattening, suggesting room for a retest above here. But mixed/negative weekly charts should limit initial scope in renewed consolidation beneath 160.00. Meanwhile, support is at congestion around 158.00 and extends to 157.50. A close beneath here, if seen, will add weight to sentiment and extend late-March losses below the 157.35 Fibonacci retracement towards congestion around 157.00.