Published: 2025-06-02T01:07:18.000Z
Chart EUR/JPY Update: Leaning lower from test of 164.00
Technical Analyst
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Edged lower from test of resistance at 164.00 as prices consolidate strong gains from support at 161.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 166.68 | ** | Oct high | S1 | 163.00 | * | congestion | |
| R3 | 166.00 | * | congestion | S2 | 162.00 | * | congestion | |
| R2 | 165.00/20 | ** | congestion, 13 May YTD high | S3 | 161.00 | ** | 22 Apr low, congestion | |
| R1 | 164.00 | * | congestion | S4 | 160.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Edged lower from test of resistance at 164.00 as prices consolidate strong gains from support at 161.00 low. Daily studies are overbought and suggest scope for pullback to support at the 163.00/162.00 congestion area. Would take break of these to return focus to the downside for retest of 161.00 support and lower. Meanwhile, resistance at 164.00 is expected to cap. Clearance here, if seen, will open up room for retest of the 165.00/20, resistance and 13 May YTD high.