Published: 2026-07-02T01:06:52.000Z
Chart USD/JPY Update: Consolidating
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Consolidating break to fresh high at 162.84 as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00/50 | * | congestion | S1 | 161.95 | * | 2024 year high | |
| R3 | 164.95 | ** | Nov 1986 high | S2 | 161.00 | * | 19 Jun high | |
| R2 | 164.00 | * | Dec 1986 high | S3 | 160.72 | ** | Apr high | |
| R1 | 163.00 | * | congestion from Dec 1986 | S4 | 160.00 | * | figure |
Asterisk denotes strength of level
01:00 GMT - Consolidating break to fresh high at 162.84 as prices unwind overbought intraday studies. Bullish momentum keep pressure on the upside and further gains cannot be ruled out to target 163.00 congestion. Higher still will see scope to 164.00 high of December 1986. Meanwhile, support is raised to the 161.95, the 2024 year high, which should underpin. Would take break here to open up room for deeper correction of the strong gains from the 155.00 May low towards strong support at the 161.00/160.72 congestion and April high.