Published: 2025-09-17T01:05:42.000Z
Chart EUR/JPY Update: Pressuring 173.90 high, break in focus
0
-
Poised for retest of the 173.90 July current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | July 2024 year high | S1 | 173.00 | * | congestion | |
| R3 | 175.00 | * | figure | S2 | 172.14 | * | 9 Sep low | |
| R2 | 174.50 | * | congestion | S3 | 171.00 | ** | 14 Aug low, congestion | |
| R1 | 173.90 | ** | 28 Jul YTD high | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Poised for retest of the 173.90 July current year high following bounce from the 172.14 low of last week. Break here will further extend gains within the bullish channel from the February low and see room for extension to the 174.50/175.00 area and see potential for retest of the 175.40, July 2024 year high. Meanwhile, support is raised to the 173.00 level which extend to the 172.14 low of last week now expected to underpin. Would take break here to fade the upside pressure and expose 171.00/170.00 support to retest.