Published: 2025-09-02T01:10:14.000Z
Chart EUR/JPY Update: Higher within the 173.00/171.00 range
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Break above the 172.00 level has seen gains to approach resistance at the 172.70/173.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | ** | 14 Aug low, congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 168.45 | 1 Jul low | ||
| R1 | 172.70 | * | 19 Aug high | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Break above the 172.00 level has seen gains to approach resistance at the 172.70/173.00 area. The latter expected to cap and extend ranging action within the 173.00/171.00 area. Choppy trade is expected to give way to eventual break of the 171.00 support to expose strong support at the 170.00 level to retest. Below this will extend the broader losses from the 173.90, July current year high, to retrace gains from the February low. Lower will see room for extension to the 169.00 level then the 168.45/168.00 area.