Published: 2026-05-19T00:44:33.000Z
Chart USD/JPY Update: Pressuring 159.00 level
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Consolidating test of the 159.00 level but pressure remains on the upside and suggest scope for break to extend gains from the 6 May swing low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.72 | ** | 30 Apr YTD high | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | ** | figure | S2 | 157.50 | ** | congestion | |
| R2 | 159.45 | * | Jan high | S3 | 157.00 | * | congestion | |
| R1 | 159.00 | ** | congestion | S4 | 156.00 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Consolidating test of the 159.00 level but pressure remains on the upside and suggest scope for break to extend gains from the 6 May swing low. Clearance will see room for extension to strong resistance at 159.45 January high then the 160.00 figure where renewed selling pressure can be expected. Meanwhile, support is raised to the 158.00/157.50 congestion area. Would take break here to fade the upside pressure and open up room for pullback to retest support at the 157.00/156.00 congestion area.