Published: 2025-05-13T13:18:35.000Z
Chart EUR/JPY Update: Consolidating gains - studies rising
Senior Technical Strategist
2
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 167.50 | ** | 61.8% ret of Jul-Aug 2024 fall | S1 | 164.00 | ** | break level | |
| R3 | 166.68 | ** | 31 Oct (m) high | S2 | 163.20 | break level | ||
| R2 | 166.00 | * | congestion | S3 | 162.00 | * | congestion | |
| R1 | 165.00 | * | break level | S4 | 161.00 | break level |
Asterisk denotes strength of level
13:55 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade beneath resistance at 165.00. Daily readings continue to rise and broader weekly charts are positive, highlighting room for further strength in the coming sessions. A close above 165.00 will improve price action and extend February gains towards congestion resistance at 166.00. Meanwhile, support remains at 164.00. A close beneath here, if seen, will turn sentiment neutral and give way to consolidation above 163.20.