Published: 2026-04-22T00:51:42.000Z
Chart USD/JPY Update: Consolidating
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Higher in consolidation to regains the 159.00 level following bounce from the 158.00/157.50 support last Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00 | * | congestion | S1 | 158.00 | ** | congestion | |
| R3 | 160.46 | ** | 30 Mar YTD high | S2 | 157.50 | ** | 19 Mar low | |
| R2 | 160.00 | ** | figure, congestion | S3 | 157.25 | * | 38.2% Jan/Mar rally | |
| R1 | 159.50 | congestion | S4 | 157.00 | congestion |
Asterisk denotes strength of level
00:50 GMT - Higher in consolidation to regains the 159.00 level following bounce from the 158.00/157.50 support last Friday. Resistance is at the 159.50 congestion and clearance here will expose the 160.00 figure to retest. However, the latter is expected to cap and extend ranging action within the 160.00/158.00 area. Lower high sought to further pressure the 158.00 support later and where break will expose strong support at 157.50 to retest. Break here will confirm a top in place at the 160.46 high and see room for deeper pullback to retrace gains from the January low.