Published: 2025-04-07T01:27:41.000Z
Chart EUR/JPY Update: Turned up from the 159.00/158.00 support
Technical Analyst
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Volatile start to the week see prices reaching 158.15 low before staging rebound to the 160.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00/18 | ** | congestion, Mar high | S1 | 159.00 | * | congestion | |
| R3 | 163.35 | * | 27 Mar high | S2 | 158.00 | * | congestion | |
| R2 | 162.00 | * | congestion | S3 | 156.16 | * | Dec low | |
| R1 | 160.00/73 | * | congestion, 20 Mar low | S4 | 155.50 | * | 10 Feb low |
Asterisk denotes strength of level
01:20 GMT - Volatile start to the week see prices reaching 158.15 low before staging rebound to the 160.00 congestion. Above here will see scope for retest of the 160.73 resistance. Higher still, if seen, will open up room for choppy trade back to the 162.00 congestion. Choppy trade expected to give way to fresh selling pressure later to extend losses from the 164.00/18, congestion and March high. Meanwhile, support remains at the 159.00/158.00 congestion. Break here will return focus to the downside for retest of the 156.16/155.50 area then the 154.79, February YTD low.