Published: 2025-10-13T01:39:37.000Z
Chart EUR/JPY Update: Room for deeper pullback
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Higher at the open from the 175.68 low as prices consolidate pullback from the 177.90 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.00 | * | congestion | S1 | 175.68 | 10 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
01:30 GMT - Higher at the open from the 175.68 low as prices consolidate pullback from the 177.90 resistance. Daily and weekly studies have turned lower from overbought areas and suggest room for deeper pullback to strong support at the 175.05/174.50 area. Lower still, will open up room to the 173.90, July high. Break of these will see deeper pullback to channel support at 172.26/00 area. Meanwhile, resistance at the 177.00/15 congestion is expected to cap and sustain losses from the 177.93 high.