Published: 2025-03-24T14:17:00.000Z
Chart EUR/JPY Update: Gains to remain limited
Senior Technical Strategist
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Anticipated tests lower have not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | ** | break level | S1 | 161.00 | break level | ||
| R3 | 164.00 | ** | break level | S2 | 160.00 | * | congestion | |
| R2 | 163.20 | intraday lows | S3 | 159.00 | * | break level | ||
| R1 | 162.00 | * | congestion | S4 | 158.40 | ** | 61.8% ret of Feb-Mar rally |
Asterisk denotes strength of level
14:10 GMT - Anticipated tests lower have not been seen, as intraday studies turn higher, with prices currently balanced around congestion resistance at 162.00. A close above here will improve sentiment and open up resistance at the 163.20 intraday lows. However, negative daily readings should prompt renewed selling interest towards here and limit any tests in consolidation. Meanwhile, support remains at 161.00 and extends to 160.00. This broad range should underpin any immediate setbacks as broader weekly charts continue to rise.