Published: 2025-08-21T01:07:59.000Z
Chart EUR/JPY Update: Leaning lower in choppy trade
Technical Analyst
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Leaning lower from the 173.00/172.70 highs and break of the 172.00 level see pressure returning to support at the 171.30/171.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 173.90 | ** | 28 Jul YTD high | S1 | 171.30/00 | ** | congestion | |
| R3 | 173.00 | ** | congestion | S2 | 170.00 | ** | congestion | |
| R2 | 172.70 | * | 19 Aug high | S3 | 168.45 | * | 1 Jul low | |
| R1 | 172.00 | * | congestion | S4 | 168.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Leaning lower from the 173.00/172.70 highs and break of the 172.00 level see pressure returning to support at the 171.30/171.00 area. Negative daily studies suggest scope for break here to open up room for retest of the 170.00 support. Break here will extend the broader losses from 173.90 high and retrace rally from the February low. Meanwhile, resistance is lowered to the 172.00 level and this should cap and limit corrective bounce. Clearance will expose 172.70/173.00 lower highs to retest.