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Published: 2025-10-07T13:46:13.000Z

Chart EUR/JPY Update: Balanced at fresh multi-decade highs

1

The push to the fresh year high at 176.35 has given way to a pullback

 LevelsImpComment  LevelsImpComment
R4178.90**Sep 1990 high S1175.00*congestion
R3178.00**Jan 1991 year high S2174.00**congestion
R2176.35*current year high S3173.25*3 Oct high, gap low
R1176.00*congestion S4172.00/26**cong; 2 Oct (w) low

Asterisk denotes strength of level

14:15 BST - The push to the fresh year high at 176.35 has given way to a pullback, as intraday studies turn down, with prices currently balanced beneath congestion resistance at 176.00. Daily readings continue to rise, suggesting room for a later break above 176.00/35. Long-term gains will then focus on the 178.00 year high of January 1990, where mixed/negative weekly charts could prompt renewed selling interest. Meanwhile, support remains at congestion around 175.00. A close beneath here, if seen, would turn sentiment neutral and initially open up further congestion around 174.00.

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Topics
EUR/JPY-TA
DM-Technical
Technical Analysis

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