Published: 2025-05-26T01:17:53.000Z
Chart EUR/JPY Update: Consolidating losses
Technical Analyst
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No follow-through on break of the 162.00/161.58 support as prices staged rebound from the 161.07 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | * | congestion | S1 | 161.58 | * | 6 May low | |
| R3 | 165.00/20 | ** | congestion, 13 May YTD high | S2 | 161.00 | ** | 22 Apr low, congestion | |
| R2 | 164.00 | * | congestion | S3 | 160.00 | * | congestion | |
| R1 | 163.00/50 | * | congestion | S4 | 159.43 | 9 Apr low |
Asterisk denotes strength of level
00:50 GMT - No follow-through on break of the 162.00/161.58 support as prices staged rebound from the 161.07 low to unwind the oversold intraday studies. Daily studies have bottomed out at oversold areas as well and suggest room for stronger bounce to the 163.00/163.50 area which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later and break of support at 161.00 congestion will turn extend losses from the 165.20 high and shift focus to the 160.00 support and 158.15, April low.