Published: 2025-04-16T01:28:36.000Z
Chart EUR/JPY Update: Leaning lower from 163.00/35 resistance
Technical Analyst
-
Turned lower from test of the 163.00/35 resistance as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 164.90 | ** | Dec high | S1 | 161.00/70 | * | congestion, 21 Mar low | |
| R3 | 164.54 | ** | 7 Jan YTD high | S2 | 160.00 | * | congestion | |
| R2 | 164.00/18 | ** | congestion, 18 Mar high | S3 | 159.00 | * | congestion | |
| R1 | 163.00/35 | * | congestion, 27 Mar high | S4 | 158.15/00 | ** | 7 Apr low, congestion |
Asterisk denotes strength of level
01:20 GMT - Turned lower from test of the 163.00/35 resistance as prices unwind overbought intraday and daily studies. Nearby see support starting at the 161.00/160.70 area and break here will open up room for retest of the 160.00 congestion. Below the latter will return focus to the downside for retest of the 159.00 level then the 158.15/158.00, 7 April low and congestion. Meanwhile, resistance at 163.00/35 area expected to cap. Clearance here, but not expected, will expose the 164.00/18 resistance and 164.54, 7 January YTD high, to retest.