Published: 2025-06-16T01:39:19.000Z
Chart EUR/JPY Update: Limited above 166.68
Technical Analyst
2
Rebound from support at 165.00 on Friday has seen further probes above the 166.68, October high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.20 | * | 24 Jul high | S1 | 165.00 | * | congestion | |
| R3 | 168.00 | * | congestion | S2 | 164.00 | * | congestion | |
| R2 | 167.40 | * | 61.8% Jul/Aug fall | S3 | 163.00/80 | * | congestion, 30 May low | |
| R1 | 166.68 | * | Oct high | S4 | 162.00 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Rebound from support at 165.00 on Friday has seen further probes above the 166.68, October high. Overbought intraday studies see gains struggling to extend gains but the downside remains supported above the 165.00 level. Would take break here to fade the upside pressure and open up room for deeper correction of the strong gains from the May low at 161.07 to the 164.00 congestion. Lower still, if seen, will see room to 163.00/162.80 area. Meanwhile, close above 166.68 will see room for extension to 167.40, 61.8% Fibonacci level, then 168.00 level.