Published: 2025-07-14T01:32:50.000Z
Chart EUR/JPY Update: Consolidating below 172.42 current year high
Technical Analyst
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Lower from the Friday's fresh year high at 172.42 as price unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 170.60 | * | 3 Jul high | |
| R3 | 173.50 | * | congestion | S2 | 170.00 | * | congestion | |
| R2 | 173.00 | * | congestion | S3 | 168.45 | * | 1 Jul low | |
| R1 | 172.42 | ** | 11 Jul YTD high | S4 | 168.00 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Lower from the Friday's fresh year high at 172.42 as price unwind overbought intraday studies. Bullish momentum from the 161.00 May low keeps focus on the upside and higher will see room to the 173.00/173.50 congestion. However, deep oversold daily and weekly studies caution corrective pullback. Below the 171.00 level see room to strong support at the 170.60/170.00 area and where break will confirm a top in place at the 172.42 high and see room for deeper pullback to retrace strong rally from the May low.