Published: 2025-10-23T01:18:51.000Z
Chart EUR/JPY Update: Extending gains
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Consolidation at the 176.00 level has given way to extension of gains from Friday's 174.81 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.90 | * | Sep 1990 high | S1 | 176.00 | * | congestion | |
| R3 | 178.45 | * | Dec 1990 high | S2 | 175.05 | * | 26 Sep high | |
| R2 | 177.94/00 | ** | 9 Oct YTD high, congestion | S3 | 174.71 | * | 6 Oct low | |
| R1 | 177.00 | * | congestion | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:10 GMT - Consolidation at the 176.00 level has given way to extension of gains from Friday's 174.81 low. Positive daily studies suggest scope for retest of the 177.00 congestion and where break will expose the 177.94 current year high to retest. However, overbought weekly studies suggest reaction at the latter can be expected. Meanwhile, support is raised to the 176.00 level ahead of the 175.05/175.00 area which now underpin. Would take break here to open up room for deeper pullback to retrace gains from the February low.