Published: 2025-09-01T01:06:01.000Z
Chart EUR/JPY Update: Extend choppy trade within 173.00/171.00
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Held firm above the 171.00 support last week and bounce there see further ranging action within the 173.00/171.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | ** | 14 Aug low, congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 168.45 | 1 Jul low | ||
| R1 | 172.70 | * | 19 Aug high | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Held firm above the 171.00 support last week and bounce there to regain the 172.00 level see further ranging action within the 173.00/171.00 area. Daily studies have turned mixed but bounce should see resistance at the 172.70/173.00 area expected to cap. Would take break of the 171.00 level to open up room for retest of the strong support at the 170.00 level. Below this will extend the broader losses from the 173.90, July current year high, to retrace gains from the February low and see room to the 168.45/168.00 area.