Published: 2025-04-09T01:06:15.000Z
Chart EUR/JPY Update: Lower in range from the 162.00 resistance
Technical Analyst
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Settling back in range from retest of the 162.00 resistance with pressure returning to the 160.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.00/18 | ** | congestion, 18 Mar high | S1 | 160.00 | * | congestion | |
| R3 | 163.00/35 | * | congestion, 27 Mar high | S2 | 159.00 | * | congestion | |
| R2 | 162.00 | * | congestion | S3 | 158.15/00 | * | 7 Apr low, congestion | |
| R1 | 161.00 | * | congestion | S4 | 156.16 | * | Dec low |
Asterisk denotes strength of level
01:00 GMT - Settling back in range from retest of the 162.00 resistance with pressure returning to the 160.00 congestion. Break here will open up room for retest of the 159.00 congestion then the 158.15 low. Break here will return focus to the downside for retest of the December low at 156.16 then the 155.50/154.79, February/March lows. Meanwhile, resistance is lowered to the 160.70/161.00 previous congestive lows and this is now expected to cap and sustain the choppy pullback from the 164.00 resistance