Published: 2025-06-20T13:33:57.000Z
Chart EUR/JPY Update: Fresh year highs
Senior Technical Strategist
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Cautious trade is giving way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 170.50 | ** | 76.4% ret of 2024 fall | S1 | 166.00 | * | congestion | |
| R3 | 170.00 | congestion | S2 | 165.00 | * | break level | ||
| R2 | 169.20 | 24 Jul 2024 high | S3 | 164.00 | ** | break level | ||
| R1 | 168.00 | ** | break level | S4 | 163.00 | congestion |
Asterisk denotes strength of level
14:15 BST - Cautious trade is giving way to further gains, with the break above the 167.50 Fibonacci retracement posting fresh 2025 year highs towards resistance at 168.00. Flat overbought intraday studies could limit any initial tests in consolidation, before rising daily readings and positive weekly charts prompt a break. Focus will then turn to the 169.20 high of 24 July 2024, ahead of stronger resistance within the 170.00/50 range. Meanwhile, support remains down to congestion around 166.00 and should underpin any immediate tests lower.