Published: 2026-04-14T13:17:05.000Z
Chart USD/JPY Update: Lower in range
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Consolidation is giving way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | July 2024 congestion | S1 | 158.00 | * | break level | |
| R3 | 160.45 | ** | 30 Mar YTD high | S2 | 157.35/50 | ** | 38.2% ret; 19 Mar (w) low | |
| R2 | 160.00 | ** | historic congestion | S3 | 157.00 | * | congestion | |
| R1 | 159.00 | * | congestion | S4 | 156.35 | ** | 50% ret of Feb-Mar rally |
Asterisk denotes strength of level
14:05 BST - Consolidation is giving way to a pullback, with the break below 159.00 currently trading around 158.70. Daily readings are coming under pressure and broader weekly charts are mixed/negative, highlighting room for continuation down to support at the 158.00 break level. However, a close below the 157.50 weekly low of 19 March would turn sentiment negative and extend late-March losses below the 157.35 Fibonacci retracement towards congestion around 157.00. Meanwhile, a close back above congestion resistance at 159.00 would stabilise price action and prompt consolidation beneath 160.00.