Published: 2025-04-04T01:27:30.000Z
Chart EUR/JPY Update: Room for deeper pullback from 164.00 resistance
Technical Analyst
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Extending choppy trade as prices remains unable to sustain break of the 160.72, 21 March low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.90 | ** | Dec high | S1 | 160.72 | * | 21 Mar low | |
| R3 | 164.00/30 | ** | congestion, 2023 year high | S2 | 160.00 | * | congestion | |
| R2 | 163.35 | * | 27 Mar high | S3 | 159.00 | * | congestion | |
| R1 | 162.00 | congestion | S4 | 158.00 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Extending choppy trade as prices remains unable to sustain break of the 160.72, 21 March low. Further ranging action seen for now within the 162.00/160.00 area and close below 160.00 needed to open up room for deeper pullback to retrace the February/March rally. Lower will see room for extension to the 159.00/158.00 congestion area. Meanwhile, resistance remains at the 162.00 and this extend to the 163.00/35 area which should sustain the rejection from the 164.00/30 resistance.