09:02 UTC
Uptrend, recently disrupted · RSI 42 · price 156.906
Ascending channel broken, consolidating below prior highs.
Quarter-long uptrend from the mid-January low at 152.20 stalled in late April at the 160.40 high, where a sharp single-day rejection wiped out two weeks of gains. Price now consolidates in the 156–158 zone, holding above the 155.50 swing low but capped by the EMA20. MUFG flags sideways action between 155 and 158 during the Japan holiday week, consistent with the chart.
Support: 155.50, 152.20
Resistance: 158.00, 160.40
What it said to watch
- Daily close below 155.50 swing low confirms a lower-low and breaks the uptrend structure
- Reclaim of EMA20 near 158.00 would re-open the path toward 160.40
- US CPI this week is the key macro catalyst for the next leg