Published: 2026-04-24T00:50:15.000Z
Chart USD/JPY Update: Retest 159.85/160.00 resistance
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Edging higher as prices extend bounce from the 157.50 low of last Friday to retest the recent April highs at 159.85/160.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-yr high | S1 | 159.00 | congestion | ||
| R3 | 161.00 | * | congestion | S2 | 158.00 | ** | congestion | |
| R2 | 160.46 | ** | 30 Mar YTD high | S3 | 157.50 | ** | 19 Mar low | |
| R1 | 160.00 | ** | figure, congestion | S4 | 157.25 | * | 38.2% Jan/Mar rally |
Asterisk denotes strength of level
00:45 GMT - Edging higher as prices extend bounce from the 157.50 low of last Friday to retest the recent April highs at 159.85/160.00. This area should meet with selling pressure and extend the broad ranging action within 160.00/158.00 area. Lower high sought to further pressure the downside later with support starting at the 159.00 level. Below this will see room for retest of the 158.50/158.00 congestion and 157.50 support. Break of the latter will confirm a top in place at the 160.46 high and see room for deeper pullback to retrace gains from the January low.