Published: 2026-01-16T01:02:09.000Z
Chart USD/JPY Update: Range-bound in consolidation from 159.45 high
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Range-bound in consolidation above the 158.00 level following pullback from the 159.45 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 year high | S1 | 157.90 | ** | Nov high | |
| R3 | 161.00 | * | congestion | S2 | 157.00 | * | congestion | |
| R2 | 160.00 | * | figure, congestion | S3 | 156.00 | * | congestion | |
| R1 | 159.45 | ** | 14 Jan YTD high | S4 | 154.40/35 | ** | Dec lows |
Asterisk denotes strength of level
01:00 GMT - Range-bound in consolidation above the 158.00 level following pullback from the 159.45 high. Prices are unwinding the overbought daily studies and threatens deeper pullback retrace recent gains from the 154.40, December low. Break of support at the 158.00/157.90 congestion area will open up room to the 157.00/156.00 congestion area. Meanwhile, resistance at the 159.45 high now expected to cap. Break here, if seen, will open up room to the 160.00 figure. Beyond this will turn focus to the 161.95, the July 2024 year high.