Published: 2026-08-12T13:32:36.000Z
Chart USD/JPY Update: Leaning lower in both USD- and JPY-driven trade
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Cautious trade within the 159.00 - 159.50 range has given way to a pullback in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.60 | ** | 61.8% ret of Jul-Aug fall | S1 | 158.50 | * | range highs | |
| R3 | 160.00 | * | congestion | S2 | 158.00 | * | congestion | |
| R2 | 159.50 | * | congestion | S3 | 157.00 | ** | congestion | |
| R1 | 159.00 | * | congestion | S4 | 156.60 | ** | 61.8% ret of Jan-Jul rally |
Asterisk denotes strength of level
14:05 BST - Cautious trade within the 159.00 - 159.50 range has given way to a pullback in both USD- and JPY-driven trade, with prices currently balanced around 158.85. Falling intraday studies highlight room for a test of support at 158.50. But rising daily readings are expected to limit any immediate break in consolidation above congestion around 158.00, before bearish weekly charts prompt further losses. Meanwhile, a close back above 159.00 would help to stabilise price action. But congestion around 160.00 should cap any further gains.