Published: 2025-10-07T13:46:13.000Z
Chart EUR/JPY Update: Balanced at fresh multi-decade highs
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The push to the fresh year high at 176.35 has given way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.90 | ** | Sep 1990 high | S1 | 175.00 | * | congestion | |
| R3 | 178.00 | ** | Jan 1991 year high | S2 | 174.00 | ** | congestion | |
| R2 | 176.35 | * | current year high | S3 | 173.25 | * | 3 Oct high, gap low | |
| R1 | 176.00 | * | congestion | S4 | 172.00/26 | ** | 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.