Published: 2025-03-27T01:22:14.000Z
Chart EUR/JPY Update: Consolidating at 162.00, room for lower later
Technical Analyst
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Little change, as prices extend consolidation at the 162.00 level following rejection at the 163.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.90 | ** | Dec high | S1 | 161.00/72 | * | congestion, 21 Mar low | |
| R3 | 164.54 | * | 7 Jan YTD high | S2 | 160.00 | * | congestion | |
| R2 | 164.00/30 | ** | congestion, 2023 year high | S3 | 159.70 | * | Jan low | |
| R1 | 163.00 | * | congestion | S4 | 159.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Little change, as prices extend consolidation at the 162.00 level following rejection at the 163.00 high. The resulting flag pattern suggest consolidation giving way to break of the 160.72 low to extend pullback from the 164.18 high of last week to retrace rally from the 154.79, late-February low. Lower will see room to the 160.00/159.70 congestion and January low then the 159.00 congestion. Meanwhile, resistance at the 163.00 level is expected to cap and sustain losses from the 164.00 level.