Published: 2026-07-17T00:39:16.000Z
Chart USD/JPY Update: Bullish bias keeps focus on 162.70/84 highs
1
Edged above 162.00 to pressure the upside but gains remains shy of the 162.70/162.84 recent highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00 | * | Dec 1986 high | S1 | 161.28/00 | * | 10 Jul low, congestion | |
| R3 | 163.00 | * | congestion from Dec 1986 | S2 | 160.72 | * | Apr high | |
| R2 | 162.84 | ** | 1 Jul multi-yr high | S3 | 160.48 | ** | 3 Jul low | |
| R1 | 162.50 | * | congestion | S4 | 160.00 | ** | congestion |
Asterisk denotes strength of level
00:30 GMT - Edged above 162.00 to pressure the upside but gains remains shy of the 162.70/162.84 recent highs. Further ranging action is expected while the latter caps though bullish structure suggest potential for break going forward. Clearance will extend the underlying bull trend and see room to the 163.00/164.00 congestion and high of December 1986. Meanwhile, support is at the 161.28/00 area and only below here will see room for retest of support at the 160.48 low and 160.00 figure. Would take break of these to see deeper pullback to retrace strong gains from the May low.