Published: 2025-10-06T01:35:14.000Z
Chart EUR/JPY Update: Gapped up opening to fresh year high
0
-
Gapped up opening has seen break above 175.05 to reach fresh year high at 175.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.45 | * | Dec 1990 high | S1 | 174.50 | * | 19 Sep high | |
| R3 | 178.00 | ** | Jan 1991 year high | S2 | 173.90 | ** | Jul high | |
| R2 | 176.00 | * | congestion | S3 | 173.00 | * | Aug high | |
| R1 | 175.70 | * | Feb 1991 high | S4 | 172.26 | ** | 2 Oct low |
Asterisk denotes strength of level
01:25 GMT - Gapped up opening has seen break above 175.05 to reach fresh year high at 175.50 to extend gains from the 154.80, February current year low. Higher will further extend gains within the bullish channel from the latter and see room to target 175.70, high of February 1991. Higher still will see room to the 176.00 level then 178.00, January 1991 year high. Meanwhile, support is raised to the 19 September high at 174.50 and this extend to the 174.00/173.90 congestion and July high. This area now expected to underpin and only break here will fade the upside pressure.