Published: 2025-06-05T13:21:18.000Z
Chart EUR/JPY Update: Potential for a test of 165.00
Senior Technical Strategist
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Consolidation around support at 163.00 has given way to a fresh bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.68 | ** | 31 Oct (m) high | S1 | 163.00 | * | break level | |
| R3 | 166.00 | * | congestion | S2 | 162.00 | * | congestion | |
| R2 | 165.00 | * | break level | S3 | 161.00 | break level | ||
| R1 | 164.00 | ** | break level | S4 | 160.00 | ** | congestion |
Asterisk denotes strength of level
14:15 BST - Consolidation around support at 163.00 has given way to a fresh bounce, with prices currently trading just above resistance at 164.00. Rising intraday studies and positive daily stochastics highlight room for continuation towards 165.00. But the flat daily Tension Indicator and mixed weekly charts could limit any initial tests in consolidation. Meanwhile, a break below 163.00, not seen, would open up congestion around 162.00, where fresh consolidation is expected to appear.