Published: 2026-08-11T00:57:52.000Z
Chart USD/JPY Update: Still room to extend gains
1
Break above 158.00 see extending gains from the 155.22 low to reach resistance at 159.00/45, congestion and January high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.50 | ** | congestion, Mar high | S2 | 157.00 | * | congestion | |
| R2 | 160.00 | * | figure, congestion | S3 | 156.00 | * | congestion | |
| R1 | 159.45 | ** | Jan high | S4 | 155.22/00 | ** | 3 Aug, May low |
Asterisk denotes strength of level
00:50 GMT - Break above 158.00 see extending gains from the 155.22 low to reach resistance at 159.00/45, congestion and January high. The daily stuides are still tracking higher, having turned up from oversold areas and suggest scope for further gains. Break will open up room to the 160.00 figure then 160.50 congestion and March high. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 158.50/158.00 congestion area. Break here will return focus to the downside for retest of support at 157.00/156.65 area and 156.00.