Published: 2026-08-13T01:08:52.000Z
Chart USD/JPY Update: Room to extend gains
2
Return to pressure the upside after pullback beneath 159.45 resistance gave way to rebound above the 158.50 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.50 | * | congestion | |
| R3 | 160.50 | ** | congestion, Mar high | S2 | 158.00 | * | congestion | |
| R2 | 160.00 | * | figure, congestion | S3 | 157.00 | * | congestion | |
| R1 | 159.45 | ** | Jan high | S4 | 156.65 | * | 7 Aug low |
Asterisk denotes strength of level
00:45 GMT - Return to pressure the upside after pullback beneath 159.45 resistance gave way to rebound above the 158.50 support. Bullish prices action from the 155.22 low of last week suggest scope for further gains ahead. Above 159.45 resistance will open up room to the 160.00 figure then 160.50 congestion and March high. However, corrective gains are expected to give way to fresh selling pressure later. Would take break of support at the 158.50/158.00 area to return focus to the downside for retest of support at 157.00/156.65 area and lower.