Published: 2025-10-02T01:02:30.000Z
Chart EUR/JPY Update: Consolidating at 172.30 low, room for lower later
0
-
Break of the 173.00 level further extend losses from the 175.05 high to reach 172.30 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.05 | ** | 26 Sep YTD high | S1 | 172.14 | * | 9 Sep low | |
| R3 | 174.50 | * | 19 Sep high | S2 | 171.00 | * | 14 Aug low, congestion | |
| R2 | 173.90 | ** | Jul high | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | Aug high, congestion | S4 | 169.00 | congestion |
Asterisk denotes strength of level
00:50 GMT - Break of the 173.00 level further extend losses from the 175.05 high to reach 172.30 low. Consolidation here see prices unwind oversold intraday studies but this is expected to give way to fresh selling pressure later. Lower will see room to the support at the 172.14/00 area then the 171.00 level and trendline from the February current year low. Meanwhile, resistance is lowered to the 173.00/173.90, August and June month highs which are expected to cap any bounce attempt.