Published: 2026-05-04T01:04:06.000Z
Chart USD/JPY Update: Consolidating, room for lower later
1
Turned up from support at the 156.00/155.50 congestion as prices consolidate rejection from the 160.72, 30 April current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.00/45 | ** | congestion, Jan high | S1 | 156.00 | * | congestion | |
| R3 | 158.50 | * | congestion | S2 | 155.50 | * | congestion | |
| R2 | 158.00 | ** | congestion | S3 | 154.50 | * | congestion | |
| R1 | 157.50 | ** | 19 Mar low | S4 | 154.05/00 | ** | 200-day MA, congestion |
Asterisk denotes strength of level
01:00 GMT - Turned up from support at the 156.00/155.50 congestion as prices consolidate rejection from the 160.72, 30 April current year high. Reversal from the latter suggest consolidation giving way to fresh selling pressure later to retest the 156.00 level and 155.50 congestion. Below these will see room for extension to 155.00 level. Lower still, will see room to support at the 154.05/154.00, 200-day MA and congestion area. Meanwhile, resistance at the 157.50/158.00 19 March low and congestion area is expected to cap bounce attempt.