Published: 2025-09-18T01:21:34.000Z
Chart EUR/JPY Update: Consolidating below 173.90 high, scope for break
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Extend consolidation just below the 173.90 July current year but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | July 2024 year high | S1 | 173.00 | * | congestion | |
| R3 | 175.00 | * | figure | S2 | 172.14 | * | 9 Sep low | |
| R2 | 174.50 | * | congestion | S3 | 171.00 | ** | 14 Aug low, congestion | |
| R1 | 173.90 | ** | 28 Jul YTD high | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
01:15 GMT - Extend consolidation just below the 173.90 July current year but pressure remains on the upside. Break here will extend bounce from the August low as well as the broader gains from the 154.80/154.40, February/August 2024 double bottom, and see room for extension to resistance at the 174.50/175.00 area then the 175.40, July 2024 year high. Meanwhile, support is at 173.00 level which extend to the 172.14 low of last week. Would take break here to fade the upside pressure and expose 171.00/170.00 support to retest.