Published: 2025-08-27T01:13:18.000Z
Chart EUR/JPY Update: Drifts lower within 173.00/171.00 area
Technical Analyst
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Leaning lower from the test of the 172.70/173.00 resistance and below the 172.00 level expose the 171.00 low to retest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | ** | 14 Aug low, congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 168.45 | 1 Jul low | ||
| R1 | 172.00 | * | congestion | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Leaning lower from the test of the 172.70/173.00 resistance and below the 172.00 level expose the 171.00 low to retest. Daily and weekly studies are tracking lower from overbought areas and threatens break of the 171.00 support to see extension to the 170.00 support. Below this will open up room for deeper pullback to retrace the strong February/July rally to 168.45/168.00 area. Meanwhile, resistance starts at the 172.00 level ahead of the 172.70/173.00 highs, now expected to cap.