Published: 2025-03-10T00:55:32.000Z
Chart EUR/JPY Update: Range-bound from the 161.27 high
Technical Analyst
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Settled back in range from the 161.27 high as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 162.75 | * | Oct trendline | S1 | 159.20 | * | 4 Mar high | |
| R3 | 162.00 | * | congestion | S2 | 158.50 | * | congestion | |
| R2 | 161.50 | * | congestion | S3 | 158.00 | * | congestion | |
| R1 | 161.00/27 | ** | congestion, 6 Mar high | S4 | 156.16 | * | Dec low |
Asterisk denotes strength of level
00:50 GMT - Settled back in range from the 161.27 high as prices unwind overbought intraday studies. Pullback see support starting at 159.20 then the 158.50 congestion and break of these needed to turn focus lower for retest of the 158.00 congestion. Would take break of these to return focus to the downside for retest of the 156.16/154.79, December and February lows. Meanwhile, the 161.00/27 resistance now expected to cap. Break here, if seen, will see room for stronger extension to 162.00 congestion and possiby the October trendline at 162.75.