21:01 UTC
Uptrend, extended toward 160 ceiling · RSI 68 · price 160.248
Higher highs and higher lows intact.
Grinding uptrend since early-month, with an unbroken sequence of higher lows lifting price from 156.50 to a fresh swing high at 160.34. The pair has now nudged above the 160.00 intervention line that has capped prior approaches, leaving 159.73 as the nearest swing-low support and 159.20 as the deeper range floor. Persistent demand around the rising trendline keeps EMA20 and EMA50 below price, though RSI near 68 reflects an extended move into the BoJ intervention zone.
Support: 160.00, 159.73, 159.20
Resistance: 160.341
What it said to watch
- Sustained H4 close above 160.34 extends the uptrend toward the wedge top near 161.15
- The 160.00 intervention line is a battleground — verbal MoF warnings on a decisive break can cap upside
- US CPI Tue 12:30 UTC and BoJ Jun 16 are the next directional catalysts
- Failure to hold 159.20 breaks the higher-low structure