Published: 2025-04-09T13:58:00.000Z
Chart EUR/JPY Update: Leaning lower in cautious trade
Senior Technical Strategist
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Little change, as prices extend cautious trade around congestion support at 160.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00 | ** | break level | S1 | 160.00 | * | congestion | |
| R3 | 163.20 | intraday lows | S2 | 159.00 | * | break level | ||
| R2 | 162.00 | * | congestion | S3 | 158.15 | intraday low | ||
| R1 | 161.00 | break level | S4 | 157.30 | * | 25 Feb (w) high |
Asterisk denotes strength of level
14:40 BST - Little change, as prices extend cautious trade around congestion support at 160.00. Intraday studies have turned down and daily readings are mixed/negative, highlighting room for a later break beneath here towards 159.00. Already oversold daily stochastics and mixed weekly charts could limit any initial tests in fresh consolidation. Meanwhile, resistance is at 161.00 and extends to 162.00. This range should cap any immediate tests higher.