Published: 2025-10-27T14:25:55.000Z
Chart EUR/JPY Update: Fresh year high - studies improving
1
Consolidation has given way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 181.00 | historic congestion | S1 | 177.00 | break level | |||
| R3 | 180.00 | ** | historic congestion | S2 | 176.00 | * | break level | |
| R2 | 178.90 | ** | Sep 1990 high | S3 | 175.00 | * | congestion | |
| R1 | 178.20~ | current year high | S4 | 174.00 | ** | congestion |
Asterisk denotes strength of level
14:15 GMT - Consolidation has given way to further gains, with prices reaching a fresh year high around 178.20~. Intraday studies are mixed/negative, suggesting renewed consolidation. But daily readings have ticked higher and broader weekly charts are positive, pointing to room for continuation higher in the coming sessions. A close above 178.00 will improve price action and extend long-term gains towards the 178.90 high of September 1990. Meanwhile, support remains at 177.00. A close beneath here would stabilise price action and give way to consolidation above 176.00.