Published: 2025-10-17T13:35:37.000Z
Chart EUR/JPY Update: Under pressure
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The anticipated test of 175.00 has met support at 174.80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.90 | ** | Sep 1990 high | S1 | 175.00 | * | congestion | |
| R3 | 178.00 | ** | Jan 1991 (y) high | S2 | 174.00 | ** | congestion | |
| R2 | 177.00 | intraday break level | S3 | 173.25 | * | 3 Oct high, gap low | ||
| R1 | 176.00 | * | break level | S4 | 172.00 | ** | congestion |
Asterisk denotes strength of level
14:25 BST - The anticipated test of 175.00 has met support at 174.80, as negative intraday studies flatten, with prices bouncing back above 175.00 to currently trade around 175.40. Daily readings have turned negative and broader weekly charts coming under pressure, highlighting room for fresh losses in the coming sessions. A break back below 175.00 will add weight to sentiment and open up congestion around 174.00. Continuation down to the 173.25 gap low from 3 October cannot be ruled out. Meanwhile, resistance is lowered to 176.00. A close above here would help to stabilise price action and prompt consolidation beneath 177.00.