Published: 2025-06-26T13:50:54.000Z
Chart EUR/JPY Update: At range highs - studies turning down
Senior Technical Strategist
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Little change, as prices extend cautious trade around resistance at 169.20
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 170.50 | ** | 76.4% ret of 2024 fall | S1 | 168.00 | ** | break level | |
| R3 | 170.00 | congestion | S2 | 166.00 | * | congestion | ||
| R2 | 169.70~ | * | 23 Jun YTD high | S3 | 165.00 | * | break level | |
| R1 | 169.20 | 24 Jul 2024 high | S4 | 164.00 | ** | break level |
Asterisk denotes strength of level
14:30 BST - Little change, as prices extend cautious trade around resistance at 169.20. Daily readings continue to come under pressure and overbought weekly stochastics are flattening, suggesting room for a test lower in the coming sessions. Support remains at 168.00. But mixed/positive weekly charts should limit any break in fresh buying interest above congestion around 166.00. Meanwhile, a close above 169.20 would help to improve sentiment and extend August 2024 gains beyond 170.00 towards stronger resistance at the 170.50 Fibonacci retracement.