Published: 2025-10-08T01:24:01.000Z
Chart EUR/JPY Update: Extending steep gains within February channel
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Sharply higher following break of the 175.05 September high to reach fresh high 177.45
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.00 | * | congestion | S1 | 176.00 | figure | ||
| R3 | 178.45 | * | Dec 1990 high | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 178.00 | ** | Jan 1991 year high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 177.45 | current high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:15 GMT - Sharply higher following break of the 175.05 September high to reach fresh high 177.45 and extend the steep gains within the bull channel from the late-February low. Positive daily and weekly studies suggest room for extension to resistance at 178.00, January 1991 year high. Higher still, will see room to 178.45/179.00 area. Meanwhile, support is raised to the 176.00 level then the 175.05 September high which is expected to underpin. Would take break here to fade the upside pressure and see room for deeper corrective pullback to support at the 174.50 and the 173.90, July high.