Published: 2025-10-24T01:15:31.000Z
Chart EUR/JPY Update: Extending gains, focus on 177.94 high
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Pressure remains firmly on the upside and break above the 177.00 level return focus to the 177.94 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure, congestion | S1 | 176.50 | * | congestion | |
| R3 | 178.90 | * | Sep 1990 high | S2 | 175.05/00 | * | 26 Sep high, congestion | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 174.71 | * | 6 Oct low | |
| R1 | 177.94/00 | ** | 9 Oct YTD high, congestion | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:10 GMT - Pressure remains firmly on the upside and break above the 177.00 level return focus to the 177.94, current year high. Would expect reaction here and the 178.00 level but bullish structure suggest potential for break later to extend gains from the 154.80, February low. Clearance, will further extend gains within the bull channel from the latter. Meanwhile, support is raised to the 176.50/176.00 congestion area which should underpin. Would take break here to open up room for deeper corrective pullback to 175.05/175.00 area.