Published: 2025-08-27T13:23:13.000Z
Chart EUR/JPY Update: Cautious trade - studies under pressure
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | ** | figure | S1 | 171.00 | ** | range lows | |
| R3 | 173.90/00 | ** | 28 Jul YTD high; cong | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | * | congestion | S3 | 169.00 | ** | congestion, 38.2% ret | |
| R1 | 172.00 | * | break level | S4 | 168.00 | ** | break level |
Asterisk denotes strength of level
14:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 171.00-172.00 range. Daily readings continue to track lower, highlighting room for a break below support at 171.00 towards congestion around 170.00. However, broader weekly charts are also falling, pointing to potential for still deeper losses. A close below 170.00 will add weight to sentiment and extend late-July losses initially to strong support at 169.00. Meanwhile, resistance remains at 172.00. A close above here, if seen, should meet fresh selling interest towards congestion resistance at 173.00.