Published: 2025-09-10T13:38:33.000Z
Chart EUR/JPY Update: Consolidating - studies under pressure
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Little change, as prices extend consolidation above 172.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | July 2024 (y) high | S1 | 172.00 | * | break level | |
| R3 | 175.00 | ** | figure | S2 | 171.00 | ** | range lows | |
| R2 | 173.90/00 | ** | 28 Jul YTD high; cong | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 169.00 | ** | congestion, 38.2% ret |
Asterisk denotes strength of level
14:35 BST - Little change, as prices extend consolidation above 172.50. Intraday studies are rising, suggesting room for a drift towards congestion resistance at 173.00. But daily readings are falling and broader weekly charts are under pressure, highlighting a deterioration in sentiment and potential for renewed selling interest towards here. Following cautious trade, fresh losses are looked for. A break below support at 172.00 will open up 171.00. But a further close below congestion around 170.00 is needed to confirm a near-term top in place around 173.90/00 and prompt a deeper correction, initially towards 169.00.