Published: 2025-08-29T01:11:26.000Z
Chart EUR/JPY Update: Leaning lower to the 171.00 support
Technical Analyst
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Leaning lower, as prices drift narrowly towards the 171.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | ** | 14 Aug low, congestion | |
| R3 | 173.90 | ** | 28 Jul YTD high | S2 | 170.00 | ** | congestion | |
| R2 | 173.00 | ** | congestion | S3 | 168.45 | 1 Jul low | ||
| R1 | 172.00 | * | congestion | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Leaning lower as prices drift narrowly towards the 171.00 support. Daily and weekly studies have turned down from overbought areas and suggest scope for break of the 171.00 support to open up room for retest of strong support at the 170.00/169.70 area. Below this will extend the broader losses from the 173.90, July current year high, to retrace gains from the February low and see room to the 168.45/168.00 area. Meanwhile, resistance at the 172.00 level is expected to cap and sustain pullback from the 172.70/173.00 highs.