Published: 2025-10-17T01:03:54.000Z
Chart EUR/JPY Update: Range-bound in choppy trade, lower later
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Range-bound in choppy trade within the Tuesday's 175.35/176.45 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.45 | * | Dec 1990 high | S1 | 175.35 | 14 Oct low | ||
| R3 | 177.90 | ** | Jan 1991 year high | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 177.00/15 | * | congestion, 10 Oct high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 176.45 | * | 14 Oct high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:00 GMT - Range-bound in choppy trade within the Tuesday's 175.35/176.45 range. The resulting flag pattern suggeste consolidation here giving way to renewed selling pressure later to extend pullback from the 177.90/178.00 resistance. Lower will see room to support at the 175.05/174.50, September highs. Below this will see deeper pullback to strong support at 173.90, July high. Meanwhile, resistance at 176.45 and extending to 177.00/15 area is expected to cap and sustain losses from the 177.93 high.