Published: 2026-03-09T01:09:36.000Z
Chart USD/JPY Update: Above 158.00 return focus to 159.23/45 highs
1
Gapped up at the opening above the 158.00 level see prices extending gains from the 152.10 January low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure | S1 | 157.66 | * | Feb high | |
| R3 | 159.45 | ** | 14 Jan YTD high | S2 | 157.00 | congestion | ||
| R2 | 159.23 | * | 23 Jan high | S3 | 156.45 | * | 5 Mar low | |
| R1 | 159.00 | * | congestion | S4 | 156.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Gapped up at the opening above the 158.00 level see prices extending gains from the 152.10 January low. Nearby see scope to target the 159.00 level but focus has turned to the 159.23/159.45, January highs. Break above these cannot be ruled out but the overbought daily and weekly chart caution corrective pullback with support starting at the 158.00/157.66 congestion and February high. Below this area will fade the upside pressure and open up room for deeper correcive pullback to thje 157.00 level and 156.45/156.00 congestion area.