Published: 2025-10-07T01:26:28.000Z
Chart EUR/JPY Update: Room for further gains
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Extending bullish break of the 175.05 September high to reach fresh high above 176.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.00 | * | congestion | S1 | 175.05 | * | 26 Sep high | |
| R3 | 178.45 | * | Dec 1990 high | S2 | 174.50 | * | 19 Sep high | |
| R2 | 178.00 | ** | Jan 1991 year high | S3 | 173.90 | ** | Jul high | |
| R1 | 177.00 | * | congestion | S4 | 173.00 | * | Aug high, congestion |
Asterisk denotes strength of level
01:15 GMT - Extending bullish break of the 175.05 September high to reach fresh high above 176.00 level. Positive daily and weekly studies suggest room for extension to the 177.00 level but potential is seen for extension to resistance at 178.00, the January 1991 year high. Meanwhile, support is raised to the September high at 175.05 high which is now expected to underpin. Below here will see room for deeper corrective pullback to support at the 174.50 then the critical 173.90 July high. Break of the latter will fade the upside pressure.