Published: 2025-07-15T13:18:58.000Z
Chart EUR/JPY Update: Fresh year highs
Senior Technical Strategist
1
Cautious trade has given way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.43 | ** | 11 Jul 2024 (y) high | S1 | 172.00 | * | congestion | |
| R3 | 175.00 | ** | break level | S2 | 171.00 | break level | ||
| R2 | 174.00 | congestion | S3 | 170.00 | congestion | |||
| R1 | 173.00 | * | congestion | S4 | 169.00 | * | congestion |
Asterisk denotes strength of level
14:10 BST - Cautious trade has given way to further gains, as intraday studies turn higher, with prices currently trading at fresh 2025 year highs around 172.85. Immediate focus is on congestion resistance at 174.00. But a tick higher in daily readings and positive weekly charts highlight room for a break and continuation of broad August 2024 gains towards 175.00. Meanwhile, support remains at congestion around 172.00. But a close below 171.00 would add weight to sentiment and prompt a pullback, initially to congestion around 170.00.