Published: 2025-07-30T13:45:35.000Z
Chart EUR/JPY Update: Prices remain under pressure
Senior Technical Strategist
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Anticipated losses are extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | congestion | S1 | 171.00 | ** | break level | ||
| R3 | 173.90/00 | ** | 28 Jul YTD high; cong | S2 | 170.00 | congestion | ||
| R2 | 173.00 | * | congestion | S3 | 169.00 | * | congestion | |
| R1 | 172.00 | * | break level | S4 | 168.00 | ** | congestion |
Asterisk denotes strength of level
14:30 BST - Anticipated losses are extending, with prices currently balanced just below support at 171.00. Daily readings are bearish and overbought weekly stochastics are unwinding, highlighting a deterioration in sentiment and room for further losses in the coming sessions. A close beneath 171.00 will add fresh weight to sentiment and confirm a near-term top in place at the 173.90 current year high of 28 July. Immediate focus will then turn to 170.00. Meanwhile, a close back above resistance at 172.00, if seen, will turn sentiment neutral and prompt consolidation beneath congestion around 173.00.