Published: 2025-09-04T01:23:31.000Z
Chart EUR/JPY Update: Back in consolidation below 173.00
Technical Analyst
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Failure to sustain probes above the 173.00 level see prices settling back in range from the 173.40 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | Jul 2024 multi-year high | 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 | 168.45 | * | Jul low |
Asterisk denotes strength of level
01:15 GMT - Failure to sustain probes above the 173.00 level see prices settling back in range from the 173.40 high. The resulting pin bars above the 173.00 level threatens pullback to initial support at the 172.00 congestion and where break will open up room for retest of the 171.00 support. Would take break of the latter to return focus to the critical support at 170.00. Would take close above the 173.00 level to expose the 173.90 July current year high to retest and further extend gains from the 2024 year low and February double bottom.