Published: 2025-10-30T07:50:38.000Z
Chart EUR/JPY Update: Break to fresh year high
1
Bounce from the 177.00/176.62 support has seen break above the 178.00/23 highs to reach fresh year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 181.00 | * | congestion | S1 | 177.00 | * | congestion | |
| R3 | 180.00 | ** | figure, congestion | S2 | 176.62 | * | 21 Oct low | |
| R2 | 178.90 | * | Sep 1990 high | S3 | 176.00 | * | congestion | |
| R1 | 178.45 | * | Dec 1990 high | S4 | 175.05/00 | ** | 26 Sep high, congestion |
Asterisk denotes strength of level
07:45 GMT - Bounce from the 177.00/176.62 support has seen break above the 178.00/23 highs to reach fresh year high. Break further extend gains within the February bull channel and see room to the 178.45 and 178.90, December/September 1990 highs. Beyond these, will see room to target the 180.00 figure. However, overbought daily and weekly studies caution corrective pullback with support raised to the 177.00/176.62 area which is expected to underpin. Would take break here to open up room for deeper 175.00/174.00 area.