Published: 2026-08-21T01:00:55.000Z
Chart USD/JPY Update: Extending bounce from 158.00 support
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Consolidation above the 158.00 level has seen bounce to retest the 159.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.50 | ** | congestion | S1 | 158.50 | * | congestion | |
| R3 | 160.00 | ** | figure | S2 | 158.00 | ** | congestion | |
| R2 | 159.78 | ** | 18 Aug high | S3 | 15700 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
01:00 GMT - Consolidation above the 158.00 level has seen bounce to retest the 159.00 level as prices unwind oversold intraday studies. Negative daily studies suggest gains giving way to fresh selling pressure later with break below 158.00 to open up room deeper pullback to retrace strong bounce from the 155.22 low. Lower will see room towards the 157.00 level and 156.65 support. Meanwhile, break above the 159.00 area should see Tuesday's high at 159.78 expected to cap. Break here, if seen, will open up room for stronger bounce to the 160.00/160.50 area.