Published: 2025-04-25T09:10:05.000Z
Chart EUR/JPY Update: Higher in range - studies improving
Senior Technical Strategist
1
Cautious trade has given way to the anticipated test higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | ** | break level | S1 | 162.00 | * | congestion | |
| R3 | 165.00 | ** | break level | S2 | 161.00 | break level | ||
| R2 | 164.00 | ** | break level | S3 | 160.00 | * | congestion | |
| R1 | 163.20 | intraday lows | S4 | 159.00 | * | break level |
Asterisk denotes strength of level
10:00 BST - Cautious trade has given way to the anticipated test higher, with flat overbought intraday studies prompting consolidation around 162.75 following the test of resistance at 163.20. Daily readings are rising and broader weekly charts are positive, highlighting room for a break above here towards 164.00. Continuation higher will extend February gains towards 165.00. Meanwhile, support is at congestion around 162.00 and extends to 161.00. A break beneath here, if seen, should give way to consolidation above 160.00, as background weekly charts strengthen.