Published: 2025-09-05T01:09:00.000Z
Chart EUR/JPY Update: Extend consolidation below 173.00
Technical Analyst
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Still limited above the 173.00 level but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | Jul 2024 multi-year high | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.00 | ** | 14 Aug low, congestion | |
| R2 | 173.90 | ** | 28 Jul YTD high | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | ** | congestion | S4 | 168.45 | * | Jul low |
Asterisk denotes strength of level
01:00 GMT - Still limited above the 173.00 level but pressure remains on the upside and a later break not ruled out. Clearance here will expose the July current year high at 173.90 to retest and further extend gains from the August 2024 and February double bottom. Break will return focus to the 175.40, 2024 year high. Meanwhile, support is at the 172.00 congestion and see break needed to open up room for retest of the 171.00 support. Would take break of the latter to return focus to the critical support at 170.00.