21:02 UTC
Uptrend, momentum slowing into 162 · RSI 61 · price 161.756
Higher highs/lows, consolidating below highs.
Higher-low structure intact since the early-month base near 159.30, with price grinding into the 161.95 highs as the wide US-Japan yield gap keeps JPY offered. The advance has flattened just under the 162.00 level flagged as the BoJ/MoF intervention line, and ATR(14) is compressing as the range tightens around 161.5-161.95. Sticky US PCE and a firm Q1 GDP underpinned the move, but a dovish Williams trimmed late-week USD momentum.
Support: 161.10
Resistance: 161.95, 162.00
What it said to watch
- Sustained H4 close above 162.00 intervention line opens continuation; sharp rejections likely on approach
- Failure to hold 161.10 support confirms a lower-low and breaks the rising structure
- ADP + ISM Manufacturing Jul 1 could materially shift this read
- Intervention risk into 162-163 raises snap-back potential