Published: 2025-07-18T01:17:48.000Z
Chart EUR/JPY Update: Range-bound below 173.25, current year high
Technical Analyst
1
Range-bound in consolidation below the 173.25 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 11 Jul 2024 year high | S1 | 171.80 | * | 16 Jul low | |
| R3 | 174.50 | * | congestion | S2 | 170.80 | * | 11 Jul low | |
| R2 | 173.50 | * | 8 Jul 2024 low | S3 | 170.00 | ** | figure, congestion | |
| R1 | 173.25 | ** | 16 Jul YTD high | S4 | 169.70 | * | 23 Jun high |
Asterisk denotes strength of level
01:10 GMT - Range-bound in consolidation below the 173.25 current year high but bullish price action keeps pressure on the upside. Break above the 173.00 level and 173.25 high will see room for extension to 173.50 and 174.50 congestion. However, the deep overbought daily and weekly studies caution corrective pullback. Meanwhile, support is at the 171.80 mid-week low and break here is needed to open up room for corrective pullback to strong support at the 170.80/170.00 area.