Published: 2025-08-22T13:24:45.000Z
Chart EUR/JPY Update: Edging higher
Senior Technical Strategist
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Consolidation around 172.00 has given way to a fresh run higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.45~ | ** | July 2024 (y) high | S1 | 172.00 | * | break level | |
| R3 | 175.00 | ** | figure | S2 | 171.00 | ** | range lows | |
| R2 | 173.90/00 | ** | 28 Jul YTD high; cong | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 169.00 | ** | congestion, 38.2% ret |
Asterisk denotes strength of level
14:05 BST - Consolidation around 172.00 has given way to a fresh run higher, with prices currently balanced around 172.55. Intraday studies have ticked higher, highlighting potential for a test of congestion resistance at 173.00. But mixed daily readings and mixed/negative weekly charts are expected to limit any immediate tests beyond here in renewed selling interest beneath critical resistance at the 173.90 current year high of 28 July and congestion around 174.00. Meanwhile, support is raised to 172.00. But any break beneath here should be limited in fresh consolidation above the 171.00 recent range lows.