Published: 2025-06-30T01:05:09.000Z
Chart EUR/JPY Update: Pressure remains on the upside, room to extend
Technical Analyst
2
Pressure remains on the upside with the small ascending triangle suggesting scope for break of fresh year high at 169.80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 171.00 | * | congestion | S1 | 168.00 | * | congestion | |
| R3 | 170.45 | * | 76.4% 2024 fall | S2 | 167.60 | * | 17 Jun high | |
| R2 | 170.00 | ** | congestion | S3 | 166.68 | ** | Oct high | |
| R1 | 169.80 | ** | 27 Jun YTD high | S4 | 166.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Pressure remains on the upside with the small ascending triangle suggesting scope for break of fresh year high at 169.80 to extend the February YTD low. However, prices remains stretched on daily studies and caution corrective pullback to unwind overbought readings. Would take break of 168.00 to open up room for deeper pullback to resistance turned support at 167.60 and 166.68 previous highs. Break above the 169.80 high and the 170.00 level will open up room for extension to 170.45 Fibonacci level and 171.00 congestion.