Published: 2025-04-10T01:23:31.000Z
Chart EUR/JPY Update: Pressuring 162.00/36, Monday's range high
Technical Analyst
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Pressure remains on the 162.00 congestion following bounce from the Monday low at 158.15
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.90 | ** | Dec high | S1 | 160.00 | * | congestion | |
| R3 | 164.00/18 | ** | congestion, 18 Mar high | S2 | 159.00 | * | congestion | |
| R2 | 163.35 | * | 27 Mar high | S3 | 158.15/00 | ** | 7 Apr low, congestion | |
| R1 | 162.00/36 | * | congestion, 7 Apr high | S4 | 156.16 | * | Dec low |
Asterisk denotes strength of level
01:20 GMT - Pressure remains on the 162.00 congestion following bounce from the Monday low at 158.15. Would take break here and the 162.36 high to open up room for stronger gains to retest the 163.35 resistance and the critical 164.00/18 highs. Choppy trade expected to give way to selling pressure later with support starting at 160.00 congestion. Break here will open up room for retest of the 159.00 congestion then the 158.15 low. Below the latter will return focus to the downside for retest of the December low at 156.16 then the 155.50/154.79, February/March lows.