Published: 2026-03-05T01:03:23.000Z
Chart USD/JPY Update: Turned down from test of 157.90/158.00 resistance
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Consolidation at the 157.90/158.00 resistance has given way to pullback as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 156.00 | * | congestion | |
| R3 | 159.23 | * | 23 Jan high | S2 | 155.65 | * | 20 Feb high | |
| R2 | 158.00 | ** | congestion | S3 | 155.00 | * | congestion | |
| R1 | 157.50 | * | congestion | S4 | 154.00 | * | 23 Feb low |
Asterisk denotes strength of level
01:00 GMT - Consolidation at the 157.90/158.00 resistance has given way to pullback as prices unwind overbought intraday studies. Daily chart are stretched as well and suggest scope for pullback to retrace gains from the 152.27 February low. Break of the 157.00 level opens up room to support at the 156.00/155.65 area. Would take break here to return focus to the downside for retest of support at 155.00/154.00 congestion and where reaction can be expected. Below these will return focus to the 157.27 and 152.10, February/January lows.