Published: 2025-09-08T01:30:40.000Z
Chart EUR/JPY Update: Retest 173.90 July current year high
Technical Analyst
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Gapped up at the opening above the 173.00 level see prices back to retest the July current year high at 173.90
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | Jul 2024 multi-year high | S1 | 173.00 | * | Aug high, congestion | |
| R3 | 175.00 | * | figure | S2 | 172.00 | * | congestion | |
| 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
01:25 GMT - Gapped up at the opening above the 173.00 level see prices back to retest the July current year high at 173.90. Clearance here will further extend gains from the August 2024 and February double bottom and see room to the 174.50 congestion though potential will be for retest of the critical 175.40, July 2024 multi-year high. Meanwhile, support is raised to the 173.00 level which should underpin. Return below this will open up room for retest of the support at the 172.00/171.00 congestion.