Published: 2025-09-19T12:40:59.000Z
Chart EUR/JPY Update: Turning away from fresh year high
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The anticipated break higher has met renewed selling interest around 174.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 176.00 | historic congestion | S1 | 173.90 | * | 28 Jul (m) high | ||
| R3 | 175.40 | ** | July 2024 (y) high | S2 | 173.00 | * | congestion | |
| R2 | 175.00 | ** | figure | S3 | 172.00 | * | break level | |
| R1 | 174.50 | current year high | S4 | 171.00 | ** | range lows |
Asterisk denotes strength of level
13:30 BST - The anticipated break higher has met renewed selling interest around 174.50, as intraday studies turn down, with prices currently trading just below support at the 173.90 monthly high of 28 July. Overbought daily stochastics are unwinding, suggesting room for further losses. But the positive daily Tension Indicator and mixed weekly charts are expected to prompt renewed buying interest towards congestion around 173.00. Following cautious/corrective trade, fresh gains are looked for. A later close above 174.50 will improve sentiment and extend August 2024 gains towards 175.00.