Published: 2025-08-15T01:24:43.000Z
Chart EUR/JPY Update: Pressure remains on the downside
Technical Analyst
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Rebound from the 171.30/00 support see prices back to consolidate at the 172.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 2024 multi-year high | S1 | 171.30/00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 170.00 | ** | congestion | |
| R2 | 173.90/00 | ** | 28 Jul YTD high, congestion | S3 | 168.45 | * | 1 Jul low | |
| R1 | 173.00 | * | congestion | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Rebound from the 171.30/00 support see prices back to consolidate at the 172.00 congestion to unwind oversold intraday studies. However, pressure remains on the downside and see room for retest of the 171.30/00 support. Below this will see room for retest of strong support at the 170.00 level. Break here will open up room for deeper pullback to retrace the strong March/July rally and turn focus to the 168.45/168.00 area. Meanwhile, resistance at the 172.00/173.00 area is expected to cap and limit corrective bounce.