Published: 2025-07-10T00:57:57.000Z
Chart EUR/JPY Update: Turned lower from 172.27 fresh year high
Technical Analyst
1
No follow-through on break above the 172.00 level as prices unwind overbought intraday studies from fresh year high at 172.27
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 173.50 | * | congestion | S1 | 170.60 | * | 3 Jul high | |
| R3 | 173.00 | * | congestion | S2 | 170.00 | * | congestion | |
| R2 | 172.27 | ** | 9 Jul YTD high | S3 | 168.45 | * | 1 Jul low | |
| R1 | 172.00 | congestion | S4 | 168.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - No follow-through on break above the 172.00 level as prices unwind overbought intraday studies from fresh year high at 172.27. Daily studies are deep into overbought areas and caution corrective pullback, below the 171.00 level will see room to strong support at the 170.60/170.00 area. Would take break here to confirm a top in place at the 172.27 high and open up room for deeper pullback to retrace rally from the May low. Meanwhile, resistance at the 172.00/172.27 area is expected to cap. Clearance, will see extension to the 173.00/173.50 congestion.