Published: 2025-06-02T13:18:07.000Z
Chart EUR/JPY Update: Leaning lower
Senior Technical Strategist
1
Little change, as flat oversold intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.68 | ** | 31 Oct (m) high | S1 | 163.20 | 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
14:10 BST - Little change, as flat oversold intraday studies keep near-term sentiment cautious and extend pressure on support at 163.20. Rising daily readings are also flattening, suggesting room for a break towards congestion support at 162.00. But mixed weekly charts should limit any initial tests in renewed consolidation. Meanwhile, resistance remains at 164.00. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 165.00.