Published: 2025-07-23T13:45:17.000Z
Chart EUR/JPY Update: Prices remain under pressure
Senior Technical Strategist
1
Little change, as prices extend cautious trade around support at 171.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.00 | congestion | S1 | 171.00 | break level | |||
| R3 | 173.25 | ** | 16 Jul YTD high | S2 | 170.00 | congestion | ||
| R2 | 173.00 | * | congestion | S3 | 169.00 | * | congestion | |
| R1 | 172.00 | ** | break level | S4 | 168.00 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Little change, as prices extend cautious trade around support at 171.00. Intraday studies are negative and both daily and weekly readings are also under pressure, highlighting room for deeper losses in the coming sessions. A close beneath here will add weight to already bearish price action and extend losses towards congestion around 170.00. Meanwhile, a close back above resistance at 172.00 would help to stabilise price action once again and prompt consolidation beneath critical resistance at congestion around 173.00 and the 173.25 current year high of 16 July.