09:18 UTC
Downtrend, stabilising · RSI 41 · price 156.698
Lower highs, lower lows since 160.72 peak; basing above 156.00.
Pair has rolled over from the 160.72 range top with two violent flush lows piercing 155.55 and 155.03 before recovering, leaving a clear lower-high / lower-low structure into the 156.70 zone. Price is now consolidating in a tight 156.20-157.00 band with ATR cooling, sitting below both EMAs as buyers absorb each dip toward the swing low. Safe-haven JPY bid on Middle East tensions has been the dominant driver while US CPI risk lingers in the background.
Support: 156.20, 155.55, 155.03
Resistance: 157.30, 157.92, 160.72
What it said to watch
- H4 close below 156.20 swing low reopens 155.55 flush low and 155.03 spike low
- Reclaim of 157.30 prior high needed to neutralise the lower-high sequence toward 157.92 swing high
- Upcoming US CPI print could materially shift this read given firm inflation expectations