Published: 2025-07-30T01:24:40.000Z
Chart EUR/JPY Update: Room for deeper pullback
Technical Analyst
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Follow-through below the 171.37 low of last week extending losses towards support at the 171.00/170.80 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 174.50 | * | congestion | S1 | 171.00 | * | congestion | |
| R3 | 173.90/00 | ** | 28 Jul YTD high, congestion | S2 | 170.80 | * | 11 Jul low | |
| R2 | 173.00 | * | congestion | S3 | 170.00 | * | congestion | |
| R1 | 172.00 | * | congestion | S4 | 169.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Follow-through below the 171.37 low of last week extending losses towards support at the 171.00/170.80 area. Consolidation here see prices unwinding stretched intraday studies but bearish momentum from the 173.90 high suggest room for further losses later. Lower will see room to the 170.00 level as prices unwind overbought daily and weekly studies. Meanwhile, resistance is lowered to the 172.00 level which should cap and sustain losses from the 173.90 high.