Published: 2025-07-22T01:17:00.000Z
Chart EUR/JPY Update: Extend ranging action below 173.25 high
Technical Analyst
2
Little change, as prices remains range-bound below the 173.25, current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 11 Jul 2024 year high | S1 | 171.80 | * | 16 Jul low | |
| R3 | 174.50 | * | congestion | S2 | 170.80 | * | 11 Jul low | |
| R2 | 173.50 | * | 8 Jul 2024 low | S3 | 170.00 | ** | figure, congestion | |
| R1 | 173.25 | ** | 16 Jul YTD high | S4 | 169.70 | * | 23 Jun high |
Asterisk denotes strength of level
01:15 GMT - Little change, as prices remains range-bound below the 173.25, current year high. However, deep overbought daily and weekly studies caution corrective pullback to retrace strong rally from the 161.00, May low. Would take break of the 172.00/171.80 support to open up room for pullback to the strong support at 170.80/170.00 area. Meanwhile, resistance is at the 173.25 high. Break here, if seen, will further extend gains from the August/February double bottom to resistance at 173.50 and 174.50 congestion.