Published: 2025-09-23T01:04:56.000Z
Chart EUR/JPY Update: Range-bound below 174.50 high
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Range-bound below the 174.50 high as prices consolidate gains from the 172.14, 9 September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 176.00 | figure | S1 | 173.50 | congestion | |||
| 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 | ** | 19 Sep YTD high | S4 | 171.00 | * | 14 Aug low, congestion |
Asterisk denotes strength of level
00:50 GMT - Range-bound below the 174.50 high as prices consolidate gains from the 172.14, 9 September low. The resulting flag pattern suggest scope for break higher to extend the underlying bull trend from the 154.80/154.40, February/August 2024 double bottom. Clearance will open up room to the 175.00 figure but focus will turn to the 175.40, 2024 year high. Meanwhile, support starts at the 173.50 congestion which now underpin. Would take break here to open up room for deeper pullback to support at 173.00 and 172.14.