Published: 2026-08-13T13:15:34.000Z
Chart USD/JPY Update: Further gains to remain limited
1
Cautious trade has given way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | congestion | S1 | 159.00 | * | congestion | ||
| R3 | 160.60 | ** | 61.8% ret of Jul-Aug fall | S2 | 158.50 | * | range highs | |
| R2 | 160.00 | * | congestion | S3 | 158.00 | * | congestion | |
| R1 | 159.50 | * | congestion | S4 | 157.00 | ** | congestion |
Asterisk denotes strength of level
14:05 BST - Cautious trade has given way to a push higher, with the break above 159.00 reaching 159.55 before settling into consolidation around 159.20. The daily Tension Indicator continues to rise, suggesting room for further gains. But the rising daily Tension Indicator is flattening and broader weekly charts are bearish, suggesting increased selling interest towards congestion resistance at 160.00.
Meanwhile, support is at 159.00. A close beneath here will open up the 158.50 range highs. Immediate tests beneath here should be limited in consolidation above congestion support at 158.00.