Published: 2025-06-10T01:14:30.000Z
Chart EUR/JPY Update: Room to extend gains
Technical Analyst
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Range-bound as prices consolidate below Friday's fresh year high at 165.28
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 167.40 | * | 61.8% Jul/Aug fall | S1 | 164.00 | * | congestion | |
| R3 | 166.68 | ** | Oct high | S2 | 163.00/80 | * | congestion, 30 May low | |
| R2 | 166.00 | * | congestion | S3 | 162.00 | * | congestion | |
| R1 | 165.28 | ** | 6 Jun YTD high | S4 | 161.07/00 | ** | 23 May low, congestion |
Asterisk denotes strength of level
01:10 GMT - Range-bound as prices consolidate below Friday's fresh year high at 165.28. Positive daily and weekly suggest scope for break here to further extend gains from the February YTD low at 154.79. Higher will see scope to target the 166.00 congestion then the 166.68 October high where reaction can be expected. Meanwhile, support remains at 164.00 level which should underpin and sustain gains from 161.00, May low. Below 164.00 will fade the upside pressure and open up room for pullback to support at the 163.00/162.80 area.