Published: 2025-03-25T14:35:27.000Z
Chart EUR/JPY Update: Leaning lower
Senior Technical Strategist
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The anticipated test higher has met expected selling interest just beneath resistance at 163.20
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 165.00 | ** | break level | S1 | 161.00 | break level | ||
| R3 | 164.00 | ** | break level | S2 | 160.00 | * | congestion | |
| R2 | 163.20 | intraday lows | S3 | 159.00 | * | break level | ||
| R1 | 162.00 | * | congestion | S4 | 158.40 | ** | 61.8% ret of Feb-Mar rally |
Asterisk denotes strength of level
14:25 GMT - The anticipated test higher has met expected selling interest just beneath resistance at 163.20, as overbought intraday studies unwind, with steady losses currently trading back below 162.00. Daily readings are falling, highlighting room for continuation down to support at the 161.00 break level. But rising weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, a retest above 162.00, if seen, should remain capped below 163.20.