Published: 2025-10-15T01:20:13.000Z
Chart EUR/JPY Update: Consolidating, but room for deeper pullback
1
Bounce from the 175.35 low see prices back in consolidation at the 176.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.00 | * | congestion | S1 | 175.35 | 14 Oct low | ||
| R3 | 178.45 | * | Dec 1990 high | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 177.90 | ** | Jan 1991 year high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 177.00/15 | * | congestion, 10 Oct high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:15 GMT - Bounce from the 175.35 low see prices back in consolidation at the 176.00 level. However, the daily and weekly studies are unwinding overbought readings and suggest consolidation giving way to renewed selling pressure later and see scope to extend rejection from the 177.90/178.00 resistance. Lower will see room to strong support at the 175.05/174.50 area. Break here will see room to strong support at 173.90, July high. Meanwhile, resistance at the 177.00/15 congestion is expected to cap and sustain losses from the 177.93 high.