Published: 2025-12-22T01:12:49.000Z
Chart EUR/JPY Update: Room to extend bullish break to fresh year high
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Break above resistance at 183.15 has seen rally to fresh year high at 184.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.00 | ** | May 1990 year high | S1 | 183.15 | * | 12 Dec high | |
| R3 | 186.00 | * | congestion | S2 | 182.00 | * | Nov high | |
| R2 | 185.00 | * | congestion | S3 | 181.50 | ** | congestion | |
| R1 | 184.75 | ** | 19 Dec YTD high | S4 | 180.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Break above resistance at 183.15 has seen rally to fresh year high at 184.75. Pause here see prices unwinding overbought intraday studies but bullish structure suggest scope for break here to further extend the underlying bull trend from the February YTD low. Clearance, will see extension to fresh multi-year high at the 185.00/186.00 congestion from August 1990. Meanwhile, support is raised tp 183.15 which should now underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to strong support at the 182.00/181.50 area.