Published: 2025-06-24T01:37:25.000Z
Chart EUR/JPY Update: Consolidating rally to 169.70 high
Technical Analyst
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Sharply higher to approach the 170.00 figure before settling back in consolidation from 169.70 high
| 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 | 169.70 | ** | 23 Jun YTD high | S4 | 166.00 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Sharply higher to approach the 170.00 figure before settling back in consolidation from 169.70 high as intraday studies unwind overbought readings. Daily and weekly studies are stretched as well and suggest the 170.00 figure expected to cap. Pullback see support starting at the 168.00 level and break here is needed to open up room for deeper pullback to resistance turned support at 167.60 and 166.68 recent highs. Break above 170.00, if seen, will open up room for extension to 170.45 Fibonacci level and 171.00 congestion.