Published: 2025-12-12T14:36:58.000Z
Chart EUR/JPY Update: Fresh year highs in JPY-driven trade
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Cautious trade has given way to steady JPY-driven gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 182.00 | * | break level | |
| R3 | 186.00 | * | figure | S2 | 181.00 | ** | congestion | |
| R2 | 185.00 | * | figure | S3 | 180.00 | ** | historic congestion | |
| R1 | 183.00 | * | figure | S4 | 179.00 | * | break level |
Asterisk denotes strength of level
14:25 GMT - Cautious trade has given way to steady JPY-driven gains, with prices currently trading at fresh multi-year highs around 183.00. Daily stochastics are rising, highlighting room for a break above here. But flat overbought weekly charts could limit initial scope in renewed profit-taking towards 185.00. Meanwhile, support remains at the 182.00 break level. A close back beneath here would turn sentiment neutral and prompt consolidation around congestion at 181.00.