Published: 2026-03-02T01:10:51.000Z
Chart USD/JPY Update: Higher in consolidation to retest 156.82 high
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Firmer in range to retest 156.82 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 158.87 | ** | Jan 2025 yr high | S1 | 156.00 | * | congestion | |
| R3 | 157.75/90 | ** | Dec, Nov highs | S2 | 155.00 | * | congestion | |
| R2 | 157.65 | * | 9 Feb high | S3 | 154.00 | * | 23 Feb low | |
| R1 | 157.00 | * | congestion | S4 | 153.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Firmer in range to retest 156.82 high of last week and break here will see scope to extend gains from the 152.27 low of 12 February. However, intraday and daily studies are overbought and suggest gains likely limited for now. A later break cannot be ruled out, clearance will open up room for retest of resistance at 157.65 and the 157.75/157.90 December and November highs. Meanwhile, support remain at the 156.00/155.00 congestion area which should underpin. Would take break here to to fade the upside pressure and open up room for deeper pullback.