Published: 2025-10-30T14:39:02.000Z
Chart EUR/JPY Update: Balanced beneath September 1990 high
1
Choppy trade around 177.00 has given way to a sharp bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | historic congestion | S1 | 177.00 | break level | |||
| R3 | 181.00 | historic congestion | S2 | 176.00 | * | break level | ||
| R2 | 180.00 | ** | historic congestion | S3 | 175.00 | * | congestion | |
| R1 | 178.90 | ** | Sep 1990 high | S4 | 174.00 | ** | congestion |
Asterisk denotes strength of level
14:15 GMT - Choppy trade around 177.00 has given way to a sharp bounce, with JPY-driven trade posting a fresh 2025 year high just below the 178.90 high of September 1990, before settling back. Daily readings are mixed/positive, suggesting potential for consolidation, before prices continue higher. A break above 178.90 will extend long-term gains towards historic congestion around 180.00. Meanwhile, support remains at congestion around 177.00. Rising weekly charts should limit any pullback in renewed buying interest above here.