Published: 2025-08-22T01:30:33.000Z
Chart EUR/JPY Update: Extend choppy trade within 173.00/171.00
Technical Analyst
1
Turned back up from the 171.30/171.00 support as prices extend choppy trade within the 173.00/171.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 172.00 | * | congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 171.30/00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 170.00 | ** | congestion | |
| R1 | 172.70 | * | 19 Aug high | S4 | 168.45 | 1 Jul low |
Asterisk denotes strength of level
01:20 GMT - Turned back up from the 171.30/171.00 support as prices extend choppy trade within the 173.00/171.00 area. Above the 172.00 level see room for retest of the 172.70/173.00 resistance. Clearance here will open up the July current year high at 173.90 to retest. Beyond this will return focus to the 175.42, July 2024 multi-year high. Meanwhile, support is raised to the 172.00 level and this extend to 171.00 low of last week. Would take break here to open up room for retest of the 170.00 support and see room to extend pullback from the 173.90 high.