Published: 2026-03-11T01:01:45.000Z
Chart USD/JPY Update: Consolidating at the 158.00
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Settled back from the 158.90 high to consolidate at the 158.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | figure | S1 | 157.00 | * | congestion | |
| R3 | 159.45 | ** | 14 Jan YTD high | S2 | 156.45 | * | 5 Mar low | |
| R2 | 158.90 | ** | 9 Mar high | S3 | 156.00 | * | congestion | |
| R1 | 158.00 | * | congestion | S4 | 155.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Settled back from the 158.90 high to consolidate at the 158.00 level. However, bullish gains from the 152.27 February low keeps pressure on the upside and break above the 158.90 high and 159.00 level will expose the 159.45 January current year high to retest. Would expect reaction here but clearance cannot be ruled out. Higher will see scope to target the 160.00 figure. Meanwhile, support at the 157.00/156.45 congestion and 5 Mar low should underpin. Would take break here to ease the upside pressure and see room for deeper pullback to retrace rally from the February low.