Published: 2025-02-20T01:05:25.000Z
Chart EUR/JPY Update: Extending losses
Technical Analyst
4
Under pressure as prices extend losses from the 161.00 level with break of the 158.00 turning focus to the 157.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.00/18 | ** | congestion, 13 Feb high | S1 | 157.00 | * | congestion | |
| R3 | 159.70/00 | ** | Jan low, congestion | S2 | 156.16 | * | Dec low | |
| R2 | 159.00 | * | congestion | S3 | 155.50 | ** | 10 Feb YTD low | |
| R1 | 158.00 | * | congestion | S4 | 155.14 | ** | Sep low |
Asterisk denotes strength of level
01:00 GMT - Under pressure as prices extend losses from the 161.00 level with break of the 158.00 turning focus to the 157.00 congestion. Lower still will see potential for retest of the December low at 156.16 then the 155.50, 10 February YTD low. Below these will extend the broader losses from the October high and turn focus to the September low then August 2024 year low at 155.14 and 154.40. Meanwhile, resistance is lowered to the 158.00 congestion. Regaining this, if seen, will open up room for choppy gains back to the 159.00/159.70 area.