Published: 2025-09-09T01:35:46.000Z
Chart EUR/JPY Update: Consolidating retest of 173.90 high
Technical Analyst
1
Up to tag the July current year high at 173.90 before settling back in consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | Jul 2024 multi-year high | S1 | 173.00 | * | Aug high, congestion | |
| R3 | 175.00 | * | figure | S2 | 172.00 | * | congestion | |
| R2 | 174.50 | * | congestion | S3 | 171.00 | ** | 14 Aug low, congestion | |
| R1 | 173.90 | ** | 28 Jul YTD high | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Up to tag the July current year high at 173.90 before settling back in consolidation. Positive daily and weekly studies suggest scope to further pressure the upside later and clearance here will further extend gains from the August 2024 and February double bottom to resistance at the 174.50 congestion. Beyond this see potential for retest of the critical 175.40, July 2024 multi-year high. Meanwhile, support is raised to the 173.00 level which should underpin. Return below this will ease the upside pressure and open up room for consolidation to support at the 172.00/171.00 area.