Published: 2025-10-10T01:25:04.000Z
Chart EUR/JPY Update: Settled back from fresh year high
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Extension to fresh year high to retest the 1991 year high at 177.90 has given way to pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | * | figure, congestion | S1 | 176.25/00 | * | congestion | |
| R3 | 179.00 | * | congestion | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 177.90 | ** | Jan 1991 year high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:10 GMT - Extension to fresh year high to retest the 1991 year high at 177.90 has given way to pullback as prices unwind overbought intraday studies. Daily chart are stretched as well and suggest room for corrective pullback to the 176.00 support. Below this will open up room for deeper pullback to retest 175.05 September high which is expected to underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to 174.00 support. Break above the 177.90/178.00 resistance will see room to 178.45/179.00 area.