Published: 2025-07-15T01:25:00.000Z
Chart EUR/JPY Update: Still firm, but stretched
Technical Analyst
1
Consolidating below 172.50 congestion but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 170.80 | * | 11 Jul low | |
| R3 | 173.50 | * | congestion | S2 | 170.00 | * | congestion | |
| R2 | 173.00 | * | congestion | S3 | 168.45 | * | 1 Jul low | |
| R1 | 172.50 | * | congestion | S4 | 168.00 | ** | congestion |
Asterisk denotes strength of level
01:20 GMT - Consolidating below 172.50 congestion but pressure remains on the upside and suggest scope for break here to further extend strong gains from the 161.00, May low. Clearance will see room for extension to the 173.00/173.50 congestion. However, deep oversold daily and weekly studies caution corrective pullback with support raised to Friday's low at 170.80 then the 170.00 level. Would take break of these to open up room for deeper pullback to retrace strong rally from the May low.