Published: 2026-04-27T13:10:00.000Z
Chart USD/JPY Update: Consolidating - room for a minor test lower
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Little change, as prices extend consolidation above 159.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | * | June 2024 (y) high | S1 | 159.00 | * | congestion | |
| R3 | 161.00 | * | July 2024 congestion | S2 | 158.00 | ** | congestion | |
| R2 | 160.45 | ** | 30 Mar YTD high | S3 | 157.35/50 | ** | 38.2% ret; 19 Mar (w) low | |
| R1 | 160.00 | ** | historic congestion | S4 | 157.00 | * | congestion |
Asterisk denotes strength of level
14:00 BST - Little change, as prices extend consolidation above 159.00. Intraday studies are mixed/negative and daily stochastics are turning lower, highlighting room for a test beneath here. Focus will then turn to congestion around 158.00. But the positive daily Tension Indicator and mixed weekly charts should limit any initial tests in consolidation. Meanwhile, resistance remains at congestion around 160.00. But a close above the 160.45 current year high of 30 March is needed to turn sentiment positive and extend September 2024 gains towards the 161.95 multi-year high of June 2024.