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Published: 2025-09-01T01:06:01.000Z

Chart EUR/JPY Update: Extend choppy trade within 173.00/171.00

byPakLai Ng

Technical Analyst
-

Held firm above the 171.00 support last week and bounce there see further ranging action within the 173.00/171.00 area

 LevelsImpComment  LevelsImpComment
R4174.50*congestion S1171.00**14 Aug low, congestion                           
R3173.90**28 Jul YTD high                                     S2170.00**congestion
R2173.00**congestion S3168.45 1 Jul low
R1172.70*19 Aug high S4168.00*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. 

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Topics
EUR/JPY-TA
DM-Technical
Technical Analysis

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