Published: 2026-06-12T01:04:09.000Z
Chart USD/JPY Update: Settled back from 160.60 high
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Settled into consolidation around the 160.00 level following rejection from the 160.60 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-year high | S1 | 159.53 | 11 Jun low | ||
| R3 | 161.00 | * | figure | S2 | 159.00 | * | congestion | |
| R2 | 160.72 | ** | 30 Apr YTD high | S3 | 158.60 | * | 18 May low | |
| R1 | 160.60 | * | 11 Jun high | S4 | 158.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Settled into consolidation around the 160.00 level following rejection from the 160.60 high. Daily studies are unwinding overbought readings and suggest scope for deeper pullback retrace recent strong gains from the 155.00 May low. Below the 159.53 low will see room for deeper pullback to support at the 159.00/158.60 congestion and 18 May low. Meanwhile, resistance at the 160.60/160.72 highs are expected to cap. Clearance, if seen, will extend the broader gains from 2024 year low and see room to retest 161.95, July 2024 multi-year high.