Published: 2025-07-28T01:22:57.000Z
Chart EUR/JPY Update: Reached fresh high just below 174.00
Technical Analyst
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Higher at the open to reach fresh year high to approach the 174.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.42 | ** | Jul 2024 multi-year high | S1 | 173.00 | * | congestion | |
| R3 | 175.00 | * | congestion | S2 | 172.00 | * | congestion | |
| R2 | 174.50 | * | congestion | S3 | 171.37 | ** | 22, 23 Jul lows | |
| R1 | 174.00 | congestion | S4 | 170.80 | * | 11 Jul low |
Asterisk denotes strength of level
01:10 GMT - Higher at the open to reach fresh year high to approach the 174.00 level. Positive daily studies and bullish price action keeps focus firmly on the upside and further gains cannot be ruled out to target the 174.50 congestion and 175.00 level. Beyond this will expose the July 2024 multi-year high at 175.42 to retest. Meanwhile, support is raised to the 173.00 level which should underpin and sustain bounce from the 171.37 higher lows of last week. Would take break of the latter to fade the upside pressure and see room for deeper pullback.