Published: 2025-08-15T13:43:13.000Z
Chart EUR/JPY Update: Choppy trade - daily studies under pressure
Senior Technical Strategist
2
Little change, as prices extend choppy trade beneath resistance at 172.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | ** | figure | S1 | 171.00 | * | break level | |
| R3 | 173.90/00 | ** | 28 Jul YTD high; cong | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | * | congestion | S3 | 169.00 | ** | congestion, 38.2% ret | |
| R1 | 172.00 | * | break level | S4 | 168.00 | ** | break level |
Asterisk denotes strength of level
14:20 BST - Little change, as prices extend choppy trade beneath resistance at 172.00. Intraday studies are edging higher, suggesting potential for a fresh test above here. But positive daily readings are flattening and broader weekly charts continue to fall, highlighting room for renewed selling interest towards congestion resistance at 173.00. Following choppy trade, lower levels are looked for. A break below support at 171.00 will open up stronger support at congestion around 170.00. A further close beneath here will turn sentiment outright negative and extend late-July losses initially to strong support at 169.00.