Published: 2025-06-25T13:29:38.000Z
Chart EUR/JPY Update: Higher in range
Senior Technical Strategist
1
Cautious trade above support at 168.00 is giving way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 170.50 | ** | 76.4% ret of 2024 fall | S1 | 168.00 | ** | break level | |
| R3 | 170.00 | congestion | S2 | 166.00 | * | congestion | ||
| R2 | 169.70~ | * | 23 Jun YTD high | S3 | 165.00 | * | break level | |
| R1 | 169.20 | 24 Jul 2024 high | S4 | 164.00 | ** | break level |
Asterisk denotes strength of level
14:10 BST - Cautious trade above support at 168.00 is giving way to a bounce, as oversold intraday studies unwind, with prices currently pressuring 169.20. A test above here cannot be ruled out. But unwinding overbought daily stochastics and the flattening bullish daily Tension Indicator are expected to limit scope in renewed selling interest beneath the 169.70~ current year high of 23 June and congestion around 170.00. In the coming sessions, a minor test lower is possible. But mixed/positive weekly charts should limit any break below 168.00 in fresh buying interest above congestion around 166.00.