Published: 2026-03-04T14:28:59.000Z
Chart USD/JPY Update: Consolidating gains
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Cautious trade beneath resistance at 158.00 is giving way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 159.45 | ** | 14 Jan YTD high | S1 | 156.00 | * | congestion | |
| R3 | 159.00 | * | congestion | S2 | 155.00 | * | break level | |
| R2 | 158.00 | * | break level | S3 | 154.00 | * | congestion | |
| R1 | 157.50 | * | congestion | S4 | 153.50 | minor congestion |
Asterisk denotes strength of level
14:10 GMT - Cautious trade beneath resistance at 158.00 is giving way to a pullback, as intraday studies turn down, with the break below 157.50 giving way to consolidation above 157.00. Intraday studies are under pressure and overbought daily stochastics are unwinding, highlighting room for a test beneath here. But the positive daily Tension Indicator and mixed/positive weekly charts should prompt renewed buying interest above congestion support at 156.00. Following cautious/corrective trade, fresh gains are looked for. A close above 158.00 will improve sentiment and extend late-January gains towards congestion around 159.00.