Published: 2025-04-22T09:22:48.000Z
Chart EUR/JPY Update: Choppy in range - studies under pressure
Senior Technical Strategist
1
The test above congestion resistance at 162.00 has met selling interest around 162.60
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | ** | break level | S1 | 161.00 | break level | ||
| R3 | 164.00 | ** | break level | S2 | 160.00 | * | congestion | |
| R2 | 163.20 | intraday lows | S3 | 159.00 | * | break level | ||
| R1 | 162.00 | * | congestion | S4 | 158.15 | ** | 7 Apr (w) low |
Asterisk denotes strength of level
10:05 BST - The test above congestion resistance at 162.00 has met selling interest around 162.60, with sharp losses trading back below 162.00 around 161.50. Intraday studies are falling and daily readings are mixed/negative, highlighting room for a test of support at 161.00. A break beneath here will open up congestion around 160.00, where the rising weekly Tension Indicator is expected to prompt consolidation. Meanwhile, a close back above 162.00, if seen, should give way to consolidation beneath 163.20.