Published: 2025-08-18T01:16:43.000Z
Chart EUR/JPY Update: Limited below the 172.00 level
Technical Analyst
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Rebound from the 171.30/00 support last week see prices extending consolidation above the 172.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | 2024 multi-year high | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.30/00 | ** | congestion | |
| R2 | 173.90/00 | ** | 28 Jul YTD high, congestion | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 168.45 | * | 1 Jul low |
Asterisk denotes strength of level
01:10 GMT - Rebound from the 171.30/00 support last week see prices extending consolidation above the 172.00 level and setting up scope for retest of the 173.00 resistance. Clearance will expose the 173.90 current year high to retest and see room to further extend gains from the February low. Meanwhile, support is raised to the 172.00 level and break here and the 171.30/00 support is needed to open up room for retest of strong support at the 170.00 level. Break here will see deeper pullback to retrace the strong February/July rally and turn focus to the 168.45/168.00 area.