Published: 2025-09-19T01:25:50.000Z
Chart EUR/JPY Update: Break to fresh year high
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Consolidation below the 173.90 July high finally gave way to break to reach fresh year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 176.00 | figure | S1 | 173.90 | * | Jul high | ||
| R3 | 175.40 | ** | July 2024 year high | S2 | 173.00 | * | Aug high, congestion | |
| R2 | 175.00 | * | figure | S3 | 172.14 | ** | 9 Sep low | |
| R1 | 174.50 | * | congestion | S4 | 171.00 | ** | 14 Aug low, congestion |
Asterisk denotes strength of level
01:20 GMT - Consolidation below the 173.90 July high finally gave way to break to reach fresh year high as prices extend gains from the 154.80/154.40, February/August 2024 double bottom. Higher will see room to the 175.00 level but focus has turned to the 175.40, July 2024 year high. Would expect reaction at the latter as prices pushed deep into overbought areas. Meanwhile, support is raised to the 173.90 July high and extending to the 173.00 level. Would take break of these to fade the upside pressure and open up room for deeper pullback.