Published: 2025-05-06T01:23:44.000Z
Chart EUR/JPY Update: Extending rejection from 164.63, current year high
Technical Analyst
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Under pressure as prices extend rejection from 164.63, Friday's current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.63 | ** | 2 May YTD high | S1 | 162.00 | * | congestion | |
| R3 | 164.00 | * | congestion | S2 | 161.70 | * | 30 Apr low | |
| R2 | 163.75 | * | 25 Apr high | S3 | 161.00 | ** | 22 Apr low, congestion | |
| R1 | 163.00 | * | congestion | S4 | 160.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Under pressure as prices extend rejection from 164.63, Friday's current year high. Break of support at 163.00 congestion opens up room for retest of the 162.00/161.70 support. Below this will turn focus to the strong support at 161.00 congestion. Below here will return focus to the downside and see room to the 160.00/159.00 congestion area. Meanwhile, resistance is lowered to 163.00 and extends to 163.75, 25 April high. This area now expected to cap and sustain losses from the 164.63 high.