Published: 2025-04-15T08:48:56.000Z
Chart EUR/JPY Update: Consolidating - studies rising
Senior Technical Strategist
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Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | ** | congestion | S1 | 162.00 | * | congestion | |
| R3 | 165.00 | ** | break level | S2 | 161.00 | break level | ||
| R2 | 164.00 | ** | break level | S3 | 160.00 | * | congestion | |
| R1 | 163.20 | intraday lows | S4 | 159.00 | * | break level |
Asterisk denotes strength of level
09:40 BST - Still little change, as mixed/negative intraday studies keep near-term sentiment cautious and extend choppy trade beneath resistance at 163.20. However, daily readings continue to strengthen and broader weekly charts are also rising, highlighting room for fresh gains in the coming sessions. A later break above 163.20 will open up 164.00, with rising weekly charts pointing to potential for continuation towards 165.00. Meanwhile, support remains at congestion around 162.00. A break beneath here, if seen, should give way to consolidation above 161.00.