Published: 2025-07-02T01:09:22.000Z
Chart EUR/JPY Update: Consolidating, scope for pullback from 169.85 high
Technical Analyst
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Extending consolidation below the 170.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 171.00 | * | congestion | S1 | 168.45 | * | 1 Jul low | |
| R3 | 170.45 | * | 76.4% 2024 fall | S2 | 168.00 | * | congestion | |
| R2 | 170.00 | ** | congestion | S3 | 167.60 | * | 17 Jun high | |
| R1 | 169.85 | ** | 30 Jun YTD high | S4 | 166.68 | ** | Oct high |
Asterisk denotes strength of level
01:05 GMT - Extending consolidation below the 170.00 level as prices unwind overbought intraday studies. Daily studies are stretched as well and caution corrective pullback to support at 168.45 then the 168.00 level. Would take break of these to open up room for deeper correction of the strong gains from the 161.00 May low and see extension to support at the 167.60 and 166.68 previous highs. Break above the 169.85 high and the 170.00 level will further extend the February gains and see extension to target the 170.45 Fibonacci level and 171.00 congestion.