Published: 2026-07-16T00:41:10.000Z
Chart USD/JPY Update: Extend consolidation within a narrowing range
2
Little change, as prices remains within the 162.50/161.50 range area and extend consolidation below 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 - Little change, as prices remains within the 162.50/161.50 range area and extend consolidation below 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. Would take break of 161.28/00 support to turn focus to 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.