Published: 2026-07-01T01:09:24.000Z
Chart USD/JPY Update: Extending gains
1
Break to fresh high above the 2024 year high see sharp gains to approach the 163.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00/50 | * | congestion | S1 | 161.95 | * | 2024 year high | |
| R3 | 164.95 | ** | Nov 1986 high | S2 | 161.00 | * | 19 Jun high | |
| R2 | 164.00 | * | Dec 1986 high | S3 | 160.72 | ** | Apr high | |
| R1 | 163.00 | * | congestion from Dec 1986 | S4 | 160.00 | * | figure |
Asterisk denotes strength of level
01:00 GMT - Break to fresh high above the 2024 year high see sharp gains to approach the 163.00 level. Daily and weekly studies remains positive but overbought and caution corrective pullback. However, further gains cannot be ruled out and higher will see scope to target 164.00 high of December 1986. Meanwhile, support is raised to the 161.95, the 2024 year high, which should underpin. Below this will turn open up room for deeper correction of the strong gains from the 155.00 May low towards strong support at the 161.00/160.72 area.