Published: 2025-10-16T13:37:33.000Z
Chart EUR/JPY Update: Cautious trade - studies leaning lower
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | historic congestion | S1 | 176.00 | * | break level | |
| R3 | 178.90 | ** | Sep 1990 high | S2 | 175.00 | * | congestion | |
| R2 | 178.00 | ** | Jan 1991 (y) high | S3 | 174.00 | ** | congestion | |
| R1 | 177.00 | intraday break level | S4 | 173.25 | * | 3 Oct high, gap low |
Asterisk denotes strength of level
14:25 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation above support at 176.00. Daily readings are mixed/negative and broader weekly charts coming under pressure, highlighting room for fresh losses in the coming sessions. A break below 176.00 will open up congestion support at 175.00, with potential for continuation down to 174.00. Meanwhile, resistance remains at 177.00 and should cap any immediate tests higher.