Published: 2025-04-23T09:23:31.000Z
Chart EUR/JPY Update: Choppy in range - studies leaning lower
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | ** | break level | S1 | 161.00 | break level | ||
| R3 | 164.00 | ** | break level | S2 | 160.00 | * | congestion | |
| R2 | 163.20 | intraday lows | S3 | 159.00 | * | break level | ||
| R1 | 162.00 | * | congestion | S4 | 158.15 | ** | 7 Apr (w) low |
Asterisk denotes strength of level
10:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade within 161.00 - 162.00. Daily readings are mixed/negative, highlighting room for a break below 161.00 towards congestion around 160.00. But the rising weekly Tension Indicator is expected to prompt renewed consolidation around here. Meanwhile, a close back above 162.00, if seen, should give way to consolidation beneath 163.20.