Price anchored at the 20DMA, maintaining a tight 158.00 — 159.00 range. Support remains intact — but momentum is no longer expanding.
Positioning Insight: Upside pressure is still present But momentum is fading (MACD softening, RSI neutral) → This is not trend continuation, it’s controlled consolidation
Key Levels in Play: ⬆️ 159.90 — Monthly high / breakout trigger ⬆️ 160.50 — Intervention zone (Japan sensitivity level) ⬇️ 158.50 — First weakness signal ⬇️ 157.50 — Structural support ⬇️ 156.40 — Deeper correction zone (50 & 100DMA confluence)
Macro Overlay: Flow remains tied to the Middle East war narrative. Markets are not pricing a fast resolution, keeping risk positioning cautious.
Desk View: This is a pause, not a reversal. Holding 158.00 keeps the structure clean. Breaks will not drift — they will expand with intent.
