Published: 2025-10-01T01:06:19.000Z
Chart EUR/JPY Update: Consolidation expected to give way to renewed selling pressure
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Break of the 173.90 support has seen extension to 173.40 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | Jul 2024 multi-year high | S1 | 173.40 | 30 Sep low | ||
| R3 | 175.05 | ** | 26 Sep YTD high | S2 | 173.00 | * | Aug high, congestion | |
| R2 | 174.50 | * | 19 Sep high | S3 | 172.14 | ** | 9 Sep low | |
| R1 | 173.90/00 | * | Jul high, congestion | S4 | 171.00 | * | 14 Aug low, congestion |
Asterisk denotes strength of level
01:00 GMT - Break of the 173.90 support has seen extension to 173.40 low. Bounce at the latter see prices unwinding oversold intraday studies but the downside remains vulnerable and expected to give way to fresh selling pressure later. Lower will see room for deeper pullback to retrace gains from the 170.00, August low. Lower will see room to the 173.00 support then the 172.14/00 area. Meanwhile, resistance is lowered to the 173.90/174.00 area then the 174.50 high of 19 September which is expected to cap and sustain pullback from the 175.05 high.