Published: 2025-09-12T01:26:11.000Z
Chart EUR/JPY Update: Range-bound
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Little change, as prices stays range-bound above the 172.14, Tuesday's low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.00 | * | figure | S1 | 172.00 | * | congestion | |
| R3 | 174.50 | * | congestion | S2 | 171.00 | ** | 14 Aug low, congestion | |
| R2 | 173.90 | ** | 28 Jul YTD high | S3 | 170.00 | ** | congestion | |
| R1 | 173.00 | * | congestion | S4 | 169.00 | * | 38.2% May/Jul rally |
Asterisk denotes strength of level
01:20 GMT - Little change, as prices stays range-bound above the 172.14, Tuesday's low. However, negative daily studies suggest scope for break here and the 172.00 level to open up room to deeper pullback to retrace gains from the 170.00, August low. Lower will see room for retest of the 171.00 support and threaten extension to retest of strong support at 170.00. Meanwhile, resistance is at the 173.00 level which is expected to cap. Clearance will expose the 173.90 high to retest and further extend gains from the February low.