Published: 2026-05-15T01:05:35.000Z
Chart USD/JPY Update: Extending gains
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Break of the 158.00 level see prices extending gains from the 155.00 spike low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.72 | ** | 30 Apr YTD high | S1 | 157.50 | ** | congestion | |
| R3 | 160.00 | * | figure | S2 | 157.00 | * | congestion | |
| R2 | 159.45 | * | Jan high | S3 | 156.00 | * | congestion | |
| R1 | 159.00 | ** | congestion | S4 | 155.00 | ** | 6 May low |
Asterisk denotes strength of level
01:00 GMT - Break of the 158.00 level see prices extending gains from the 155.00 spike low of last week to retrace losses from the 160.72 April current year high. Clearance opens up room for stronger gains to resistance at the 158.50/159.00 congestion. Higher still, if seen, will turn focus to the 160.00 figure. Meanwhile, support is raised to the 157.50 congestion. Would take break here to return focus to the downside for retest of support at the 157.00/156.00 congestion then the 155.00 low.