Published: 2025-10-10T13:15:39.000Z
Chart EUR/JPY Update: Limited downside tests
2
Little change, as prices extend the pullback from the fresh year high around 177.95~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | ** | historic congestion | S1 | 176.00 | * | break level | |
| R3 | 180.00 | ** | historic congestion | S2 | 175.00 | * | congestion | |
| R2 | 178.90 | ** | Sep 1990 high | S3 | 174.00 | ** | congestion | |
| R1 | 178.00 | ** | Jan 1991 (y) high | S4 | 173.25 | * | 3 Oct high, gap low |
Asterisk denotes strength of level
14:10 BST - Little change, as prices extend the pullback from the fresh year high around 177.95~, with prices currently balanced around 176.55. Overbought daily stochastics are unwinding, suggesting a cautious tone and room for further tests lower. But the positive daily Tension Indicator and improving weekly charts are expected to scope in renewed buying interest towards 176.00. Following cautious trade, fresh gains are looked for. A later break above resistance at the 178.00 year high of January 1991 will improve sentiment and extend gains towards the 178.90 high of September 1990.