Published: 2025-10-09T01:20:57.000Z
Chart EUR/JPY Update: Consolidating gains to multi-year high
-
Further extend bullish break of 175.05 September high at the start of the week to approach 177.90, 1991 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | * | figure, congestion | S1 | 176.25/00 | * | congestion | |
| R3 | 179.00 | * | congestion | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 177.90 | ** | Jan 1991 year high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:10 GMT - Further extend bullish break of 175.05 September high at the start of the week to approach 177.90, 1991 year high. Clearance here and the 178.00 level will see room for extension to resistance at the 178.45/179.00 area. However, overbought daily studies suggest bullish momentum should start to wane and caution corrective pullback. Meanwhile, support is raised to the 177.00/176.00 area. Would take pullback below these to open up room for deeper pullback to the strong support at 175.05/173.90, September and July highs.