Published: 2025-07-18T13:32:39.000Z
Chart EUR/JPY Update: Balanced beneath 2025 year highs
Senior Technical Strategist
1
The anticipated test lower has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | ** | break level | S1 | 172.00 | * | congestion | |
| R3 | 174.00 | congestion | S2 | 171.00 | break level | |||
| R2 | 173.25 | 16 Jul YTD high | S3 | 170.00 | congestion | |||
| R1 | 173.00 | * | congestion | S4 | 169.00 | * | congestion |
Asterisk denotes strength of level
14:20 BST - The anticipated test lower has not been seen, as rising intraday studies prompt a fresh bounce and prompt consolidation beneath critical resistance at congestion around 173.00 and the 173.25 current year high of 16 July. Daily readings continue to track lower, suggesting any immediate tests could give way to further range extension, before rising weekly charts prompt a break. A close above 173.00 would turn sentiment positive and extend broad August 20254 gains initially towards congestion around 174.00. Meanwhile, support remains at congestion around 172.00. A break beneath here, if seen, should be limited in fresh buying interest towards 171.00.