Published: 2025-10-21T13:34:25.000Z
Chart EUR/JPY Update: Further JPY-driven gains to remain limited
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Cautious trade has given way to a break higher in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | historic congestion | S1 | 176.00 | * | break level | |
| R3 | 178.90 | ** | Sep 1990 high | S2 | 175.00 | * | congestion | |
| R2 | 178.00 | ** | Jan 1991 (y) high | S3 | 174.00 | ** | congestion | |
| R1 | 177.00 | intraday break level | S4 | 173.25 | * | 3 Oct high, gap low |
Asterisk denotes strength of level
14:20 BST - Cautious trade has given way to a break higher in JPY-driven trade, with prices reaching 176.60 before settling into consolidation. Negative daily stochastics have ticked higher, suggesting room for further gains. But the negative daily Tension Indicator and mixed weekly charts should limit scope in renewed consolidation beneath resistance at 177.00. Meanwhile, support is raised to 176.00. A close beneath here would put prices back into consolidation above congestion support at 175.00.