Published: 2025-09-15T13:28:05.000Z
Chart EUR/JPY Update: Cautious trade
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Little change, as prices extend consolidation above congestion support at 173.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 176.00 | historic congestion | S1 | 173.00 | * | congestion | ||
| R3 | 175.40 | ** | July 2024 (y) high | S2 | 172.00 | * | break level | |
| R2 | 175.00 | ** | figure | S3 | 171.00 | ** | range lows | |
| R1 | 173.90/00 | ** | 28 Jul YTD high; cong | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
14:10 BST - Little change, as prices extend consolidation above congestion support at 173.00. Daily stochastics have ticked higher, suggesting room for further tests higher in the coming sessions. But the flat daily Tension Indicator and bearish weekly charts are expected to limit scope in renewed selling interest beneath strong resistance at the 173.90 current year high of 28 July and congestion around 174.00. Meanwhile, a break back below congestion support at 173.00 will open up 172.00, where fresh consolidation is expected to develop.