Published: 2025-04-24T09:24:18.000Z
Chart EUR/JPY Update: Further range trade
Senior Technical Strategist
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Still little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | ** | break level | S1 | 162.00 | * | congestion | |
| R3 | 165.00 | ** | break level | S2 | 161.00 | break level | ||
| R2 | 164.00 | ** | break level | S3 | 160.00 | * | congestion | |
| R1 | 163.20 | intraday lows | S4 | 159.00 | * | break level |
Asterisk denotes strength of level
10:15 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade above congestion support at 162.00. Daily stochastics are edging higher, suggesting potential for minor gains. But the flat daily Tension Indicator is expected to limit initial scope in further consolidation beneath 163.20. Meanwhile, support remains down to 161.00. A break beneath here, if seen, should give way to consolidation above 160.00, as background weekly charts improve.