Published: 2025-06-25T01:33:07.000Z
Chart EUR/JPY Update: Consolidating above 168.00, room for deeper pullback
Technical Analyst
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Settled back in range from the 169.70 high to consolidate at the 168.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 171.00 | * | congestion | S1 | 168.00 | * | congestion | |
| R3 | 170.45 | * | 76.4% 2024 fall | S2 | 167.60 | * | 17 Jun high | |
| R2 | 170.00 | ** | congestion | S3 | 166.68 | ** | Oct high | |
| R1 | 169.70 | ** | 23 Jun YTD high | S4 | 166.00 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Settled back in range from the 169.70 high to consolidate at the 168.00 support as prices unwind overbought intraday and daily studies. Lower will open up room to resistance turned support at 167.60 and 166.68 previous highs. Weekly studies are stretched as well and suggest scope for break of these support to see deeper pullback to retrace rally from the 161.00 May low to the 166.00/165.00 congestion area. Meanwhile, resistance at 169.70 high is expected to cap. Clearance here and the 170.00 level, if seen, will open up room for extension to 170.45 Fibonacci level and 171.00 congestion.