Published: 2025-09-26T01:46:51.000Z
Chart EUR/JPY Update: Edging higher but momentum slows
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Still pressing higher but momentum slows as the 175.00 level nears
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.00 | * | figure | S1 | 173.90 | ** | Jul high | |
| R3 | 176.00 | * | figure | S2 | 173.00 | * | Aug high, congestion | |
| R2 | 175.40 | ** | July 2024 multi-year high | S3 | 172.14 | ** | 9 Sep low | |
| R1 | 175.00 | * | figure | S4 | 171.00 | * | 14 Aug low, congestion |
Asterisk denotes strength of level
01:40 GMT - Still pressing higher but momentum slows as the 175.00 level nears. However, bullish momentum keeps focus on the upside and break here will open up the 175.40, 2024 multi-year high, to retest. Would expect reaction at the latter as daily studies push deep into overbought areas. Break, if seen, will see room to 176.00. Meanwhile, support is at the 173.90 July high and extending to 173.50 congestion. This area should underpin and only break here will open up room for deeper pullback to support at 173.00 and 172.14/00 support.