Published: 2025-04-14T13:20:13.000Z
Chart EUR/JPY Update: Studies continue to rise
Senior Technical Strategist
1
Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade beneath resistance at 163.20
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.00 | ** | congestion | 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
14:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade beneath resistance at 163.20. Daily readings continue to strengthen and broader weekly charts are also rising, highlighting an improvement in price action and room for fresh gains in the coming sessions. A break above 163.20 will open up 164.00, with rising weekly charts pointing to potential for continuation towards 165.00. Meanwhile, support remains at congestion around 162.00. A break beneath here, if seen, should give way to consolidation above 161.00.