Published: 2026-03-10T14:34:44.000Z
Chart USD/JPY Update: Limited downside tests
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Consolidation around 158.50 has given way to a pullback to 157.30
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | historic congestion | S1 | 157.00 | congestion | ||
| R3 | 159.45 | ** | 14 Jan YTD high | S2 | 156.45 | * | 4 Mar low | |
| R2 | 158.90/00 | * | 9 Mar high; cong | S3 | 156.00 | * | congestion | |
| R1 | 158.00 | * | break level | S4 | 155.00 | * | congestion |
Asterisk denotes strength of level
14:15 GMT - Consolidation around 158.50 has given way to a pullback to 157.30, before settling higher into consolidation beneath 158.00. Intraday studies are bearish and daily readings are coming under pressure, highlighting room for a fresh test below 157.50 towards congestion support at 157.00. Beneath here is the 156.45 low of 4 March. But rising weekly charts should limit any initial tests in consolidation. Meanwhile, resistance is at 158.00. But any immediate break should be limited in consolidation beneath critical resistance within the 158.90/00 - 159.45 range.