Published: 2026-03-10T01:02:00.000Z
Chart USD/JPY Update: Settled back to consolidation below 158.00
1
Met with selling pressure beneath the 159.00 level and subsequent close below the 158.00 resistance fades the upside pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure | S1 | 157.00 | * | congestion | |
| R3 | 159.45 | ** | 14 Jan YTD high | S2 | 156.45 | * | 5 Mar low | |
| R2 | 158.90 | ** | 9 Mar high | S3 | 156.00 | * | congestion | |
| R1 | 158.00 | * | congestion | S4 | 155.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Met with selling pressure beneath the 159.00 level and subsequent close below the 158.00 resistance fades the upside pressure as prices unwind overbought intraday studies. Daily studies are stretched as well and suggest scope for deeper pullback to retrace strong gains from the 152.27 February low and see room to support at the 157.00/156.45 area. Meanwhile, resistance is lowered to the 158.00 congestion which should cap and sustain rejection from the 158.90 high. Break needed to clear the way for retest of the 159.23/159.45, January highs.