Published: 2025-08-19T01:12:42.000Z
Chart EUR/JPY Update: Limited above 172.00
Technical Analyst
-
Little change, as prices holds a narrow range above the 172.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 2024 multi-year high | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.30/00 | ** | congestion | |
| R2 | 173.90/00 | ** | 28 Jul YTD high, congestion | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 168.45 | * | 1 Jul low |
Asterisk denotes strength of level
01:10 GMT - Little change, as prices holds a narrow range above the 172.00 level following rebound from the 171.30/00 support last week. Resistance is at the 173.00 level and clearance here is needed to expose the 173.90 current year high to retest. However, overbought daily studies suggest this keeping out of reach. Meanwhile, support remains at the 172.00 level ahead of the 171.30/00 area. Below this will open up room for retest of strong support at the 170.00 level. Break of the latter will see deeper pullback to retrace the strong February/July rally.