Published: 2025-10-21T00:59:27.000Z
Chart EUR/JPY Update: Extend consolidation above 175.05/174.71 support
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Turned up from test of the 175.05/174.71 support as prices consolidate pullback from below the 177.90/178.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.45 | * | Dec 1990 high | S1 | 175.05 | * | 26 Sep high | |
| R3 | 177.90 | ** | Jan 1991 year high | S2 | 174.71 | * | 6 Oct low | |
| R2 | 177.00/15 | * | congestion, 10 Oct high | S3 | 173.90 | ** | Jul high | |
| R1 | 176.45 | * | 14 Oct high | S4 | 173.25 | * | 3 Oct high, gap |
Asterisk denotes strength of level
01:00 GMT - Turned up from test of the 175.05/174.71 support as prices consolidate pullback from below the 177.90/178.00 resistance. However, consolidation here is expected to give way to renewed selling pressure later and lower will see room to strong support at 173.90, July high. Below this will see the lower gap at 173.25 high of 3rd October attracting. Meanwhile, resistance is at 176.45 and extending to 177.00/15 area. This is expected to cap and sustain losses from the 177.93 high.