Published: 2025-08-26T01:01:39.000Z
Chart EUR/JPY Update: Leaning lower in choppy trade within 173.00/171.00 area
Technical Analyst
-
Turned lower from retest of the 172.70/173.00 resistance to extend choppy trade within the 173.00/171.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | ** | 14 Aug low, congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 168.45 | 1 Jul low | ||
| R1 | 172.00 | * | congestion | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Turned lower from retest of the 172.70/173.00 resistance to extend choppy trade within the 173.00/171.00 area. Daily studies are tracking lower from overbought areas and below the 172.00 level expose the 171.00 low of last week to retest and see risk for break to open up room extension to retest the 170.00 support. Below this will see deeper pullback to retrace the strong February/July rally. Meanwhile, resistance is lowered to the 172.00 level ahead of the 172.70/173.00 highs, now expected to cap.