21:01 UTC
Uptrend, momentum slowing near range top · RSI 55 · price 158.958
Consolidation under 160.40 after April flash-drop recovery.
Multi-month uptrend off the late-January 152 low, with price holding above EMA(20) and EMA(50) on D1 since mid-February. The April 28 flash-drop from 160.72 to 155.49 left a clear range top at 160.47 and an April low at 155.50; price has since recovered and is now coiling in a tight 158.50–159.35 band over the last two weeks. RSI mid-50s and a contracting daily range suggest momentum has cooled into the upper third of the multi-month range.
Support: 157.20, 155.50
Resistance: 159.85, 160.47, 160.72
What it said to watch
- Daily close above 159.85 range top reopens the 160.47 April high
- Loss of 157.20 swing low would break the consolidation lower
- BoJ normalisation headlines and any FX intervention rhetoric near 160 remain key macro risks