Published: 2026-08-26T01:01:43.000Z
Chart USD/JPY Update: Consolidating, limited above the 159.00 level
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Edged higher from the 158.00 low to regain the 159.00 level before settling back in consolidation beneath 159.78 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00/30 | * | congestion | S1 | 158.50 | congestion | ||
| R3 | 160.50 | ** | congestion | S2 | 158.00 | ** | congestion | |
| R2 | 160.00 | ** | figure | S3 | 157.00 | ** | congestion | |
| R1 | 159.78 | ** | 18 Aug high | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
00:50 GMT - Edged higher from the 158.00 low to regain the 159.00 level before settling back in consolidation beneath 159.78 high. Daily studies are mixed and suggest further ranging action below the latter. Break here, if seen, will open up room for extension to strong resistance at the 160.00/160.50 area. Meanwhile, support remains at the 158.50/158.00 area. Would take break here to return focus to the downside to retrace strong bounce from the 155.22 low towards support at the 157.00 level and 156.65 low of 7 August.