Published: 2025-09-15T01:30:51.000Z
Chart EUR/JPY Update: Limited above the 173.00 level
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Higher in consolidation following bounce from the 172.14 low but gains remain limited above the 173.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | July 2024 year high | S1 | 172.00 | * | congestion | |
| R3 | 175.00 | * | figure | S2 | 171.00 | ** | 14 Aug low, congestion | |
| R2 | 174.50 | * | congestion | S3 | 170.00 | ** | congestion | |
| R1 | 173.90 | ** | 28 Jul YTD high | S4 | 169.00 | * | 38.2% May/Jul rally |
Asterisk denotes strength of level
01:20 GMT - Higher in consolidation following bounce from the 172.14 low but gains remain limited above the 173.00 level. While the 173.90 high caps, further ranging action can be expected and where break of the 172.00 level will open up room to deeper pullback to retrace gains from the 170.00, August low. Lower will see room for retest of the 171.00 support and threaten extension to retest of strong support at 170.00. Would take break of the 173.90 high to further extend gains within the bullish channel from the 154.80 February low and return focus to the 175.40, July 2024 year high.