Published: 2025-07-01T01:13:58.000Z
Chart EUR/JPY Update: Consolidating below fresh year high at 169.85
Technical Analyst
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Settling back from fresh year high at 169.85 as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 171.00 | * | congestion | S1 | 168.70 | * | 30 Jun low | |
| R3 | 170.45 | * | 76.4% 2024 fall | S2 | 168.00 | * | congestion | |
| R2 | 170.00 | ** | congestion | S3 | 167.60 | * | 17 Jun high | |
| R1 | 169.85 | ** | 30 Jun YTD high | S4 | 166.68 | ** | Oct high |
Asterisk denotes strength of level
01:10 GMT - Settling back from fresh year high at 169.85 as prices unwind overbought intraday studies. Daily studies are overbought as well and caution corrective pullback below resistance at the 170.00 congestion. Nearby see support starting at 168.70 and below this will open up room for pullback to the 168.00 level. Break here will open up room for deeper correction of the strong gains from the 161.00 May low and see room to resistance turned support at 167.60 and 166.68 previous highs. Break above the 169.85 high and the 170.00 level will open up room for extension to 170.45 Fibonacci level and 171.00 congestion.