Published: 2025-04-11T01:36:52.000Z
Chart EUR/JPY Update: Extending gains in choppy trade
Technical Analyst
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Choppy trade to break the 162.00/35 area extending gains from the 158.15, Monday's low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | * | congestion | S1 | 160.85 | 10 Apr low | ||
| R3 | 164.90 | ** | Dec high | S2 | 160.00 | * | congestion | |
| R2 | 164.00/18 | ** | congestion, 18 Mar high | S3 | 159.00 | * | congestion | |
| R1 | 163.00/35 | * | congestion, 27 Mar high | S4 | 158.15/00 | ** | 7 Apr low, congestion |
Asterisk denotes strength of level
01:35 GMT - Choppy trade to break the 162.00/35 area extending gains from the 158.15, Monday's low. Nearby see resistance at the 163.00/163.35 area and clearance here will expose the 164.00/18 March highs to retest. However, choppy trade is expected to give way to selling pressure later with support starting at 160.85/160.00 area. Break here will open up room for retest of the 159.00 congestion then the 158.15 low. Below the latter will return focus to the downside for retest of the December low at 156.16 then the 155.50/154.79, February/March lows.