Published: 2026-03-06T13:54:02.000Z
Chart USD/JPY Update: Immediate gains to remain limited
3
Little change, as prices extend consolidation just shy of resistance at the 158.00 break level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.00 | ** | historic congestion | S1 | 157.00 | congestion | ||
| R3 | 159.45 | ** | 14 Jan YTD high | S2 | 156.45 | * | 4 Mar low | |
| R2 | 159.00 | * | congestion | S3 | 156.00 | * | congestion | |
| R1 | 158.00 | * | break level | S4 | 155.00 | * | break level |
Asterisk denotes strength of level
13:45 GMT - Little change, as prices extend consolidation just shy of resistance at the 158.00 break level. The daily Tension Indicator continues to rise, highlighting room for a test above here. But overbought daily stochastics are turning down and broader weekly charts are mixed, suggesting any immediate break could be limited in renewed selling interest/consolidation beneath congestion around 159.00. Meanwhile, support remains at congestion around 157.00. But a close below the 156.45 low of 4 March is needed to add weight to sentiment and prompt a deeper pullback, initially towards congestion around 156.00.