Published: 2025-09-11T01:29:22.000Z
Chart EUR/JPY Update: Leaning lower from retest of 173.90 high
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Little change, as prices holds steady above support at the 172.00 level to consolidate pullback from retest of 173.90
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | * | figure | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.00 | ** | 14 Aug low, congestion | |
| R2 | 173.90 | ** | 28 Jul YTD high | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 169.00 | * | 38.2% May/Jul rally |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices holds steady above support at the 172.00 level to consolidate pullback from retest of 173.90, the July current year high. Daily studies have turn down from overbought areas and suggest room for deeper pullback to retrace gains from the 170.00 level. Break of the 172.00 level will see risk for return to the 171.00 support. Below this will threaten retest of strong support at the 170.00 level. Meanwhile, resistance is lowered to the 173.00 level now expected to cap and sustain pullback from 173.90 high.