Published: 2025-04-01T01:19:46.000Z
Chart EUR/JPY Update: Choppy around 162.00, lower later
Technical Analyst
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Extending choppy trade around the 162.00 level following pullback from the 164.00 March 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 | 159.00 | * | congestion | |
| R1 | 163.35 | * | 27 Mar high | S4 | 158.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Extending choppy trade around the 162.00 level following pullback from the 164.00 March high. Daily studies have turned mixed but consolidation is expected to give wqay to fresh selling pressure later. Below the 161.00/160.72 support will open up room for deeper pullback to retrace he February/March rally and see room to the 160.00 levle. Below this will see room to the 159.00/158.00 congestion area. Meanwhile, resistance is at the 163.35 high of last week. Above here should see strong resistance at the 164.00/30 area capping.