Published: 2025-10-28T01:17:18.000Z
Chart EUR/JPY Update: Consolidating break to fresh year high
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Settled back below the 178.00 level following break to fresh year high at 178.23 as intraday studies unwind overbought redings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure, congestion | S1 | 177.00 | * | congestion | |
| R3 | 178.90 | * | Sep 1990 high | S2 | 176.00 | * | congestion | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 175.05/00 | ** | 26 Sep high, congestion | |
| R1 | 178.23 | ** | 27 Oct YTD high | S4 | 174.71 | * | 6 Oct low |
Asterisk denotes strength of level
01:05 GMT - Settled back below the 178.00 level following break to fresh year high at 178.23 as intraday studies unwind overbought redings. Daily studies are stretched as well and caution deeper pullback to correct gains from the 175.00 level. Nearby see support at 177.00/176.60 area which is expected to underpin. However, bullish momentum suggest scope for further gains later and close above the 178.00 level will further extend gains within the bull channel and see room to resistance at 178.45 and 178.90.