Published: 2025-09-22T00:55:19.000Z
Chart EUR/JPY Update: Lower in consolidation from fresh year high
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Turned lower in range from fresh year high at 174.50 as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 176.00 | figure | S1 | 173.00 | * | Aug high, congestion | ||
| R3 | 175.40 | ** | July 2024 year high | S2 | 172.14 | ** | 9 Sep low | |
| R2 | 175.00 | * | figure | S3 | 171.00 | * | 14 Aug low, congestion | |
| R1 | 174.50 | ** | 19 Sep YTD high | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
00:50 GMT - Turned lower in range from fresh year high at 174.50 as prices unwind overbought intraday studies. Pullback below the 173.90 July high see room to support at 173.00 congestion which is expected to underpin. Consolidation is expected to give way to further strength later to retest the 174.50 high and where break will further extend gains from the 154.80/154.40, February/August 2024 double bottom. Would take break of the 173.00 level and 172.14 support to fade the upside pressure and open up room for deeper pullback to 171.00/170.00 support.