Published: 2026-04-28T00:53:59.000Z
Chart USD/JPY Update: Extend consolidation below 160.00
2
Little change, as prices extend consolidation below the 159.85 high of last week
| 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 - Little change, as prices extend consolidation below the 159.85 high of last week. This is expected to cap and set up scope for test below the 159.00 level and further extend consolidation within the 160.00/158.00 range area. Lower will see room for retest of support at the 158.50/158.00 congestion. Lower still, will see room to strong support at 157.50. Meanwhile, resistance remains at the 160.00 level. Lift over this will expose the 160.46 March current year high to retest and see room for extension to retest 161.95, 2024 multi-year high.