Published: 2025-10-22T01:27:09.000Z
Chart EUR/JPY Update: Higher in consolidation
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No follow-through on break of the 176.45 resistance as prices settled back to consolidate at the 176.00 level
| 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 | * | congestion | S3 | 173.90 | ** | Jul high | |
| R1 | 176.45 | * | 14 Oct high | S4 | 173.25 | * | 3 Oct high, gap |
Asterisk denotes strength of level
01:15 GMT - No follow-through on break of the 176.45 resistance as prices settled back to consolidate at the 176.00 level. However, further gains cannot be ruled out to the 177.00 congestion. Clearance here will expose the 177.90 high to retest which is expected to cap. Meanwhile, support at the 175.05/175.00 area now underpin and break here needed to open up room for deeper pullback to retrace gains from the February low. Below the 175.00 level and 174.71 support will turn focus to strong support at 173.90 July high and the lower gap at 173.25, 3rd October high.