Published: 2025-07-25T01:14:22.000Z
Chart EUR/JPY Update: Back to pressure 173.00/25 highs
Technical Analyst
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Bounce from the 171.37 lows see prices back to pressure the 173.00/25 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 11 Jul 2024 year high | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.37 | * | 22, 23 Jul lows | |
| R2 | 173.50 | * | 8 Jul 2024 low | S3 | 170.80 | * | 11 Jul low | |
| R1 | 173.25 | ** | 16 Jul YTD high | S4 | 170.00 | ** | figure, congestion |
Asterisk denotes strength of level
01:10 GMT - Bounce from the 171.37 lows see prices back to pressure the 173.00/25 highs. Break here will further extend broad gains from the August/February double bottom and see room to the resistance at the 173.50/174.50 congestion. Beyond this will turn focus to the 175.42, July 2024 year high. Meanwhile, support at the 172.00/171.37 area now underpin and see break here needed to trigger deeper pullback to unwinding overbought daily and weekly studies. Lower will open up room to strong support at 170.80/170.00.