Published: 2025-07-11T01:19:09.000Z
Chart EUR/JPY Update: Room for deeper pullback from 172.27 high
Technical Analyst
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Lower in consolidation from the 172.27 high as unwind overbought intraday and daily studies
| 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
01:15 GMT - Lower in consolidation from the 172.27 high as unwind overbought intraday and daily studies. Below the 171.00 level 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 see room for deeper pullback to retrace strong rally from the May low. Lower will see scope to the 168.45/168.00 area. Meanwhile, resistance is at the 172.00/172.27 area is expected to cap. Clearance, will open up room for further extension to the 173.00/173.50 congestion.