Published: 2025-12-19T14:46:05.000Z
Chart EUR/JPY Update: Fresh multi-year highs in JPY-driven trade
-
Cautious trade has given way to sharp JPY-driven gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.60 | ** | August 1990 high | S1 | 183.00 | * | break level | |
| R3 | 187.35 | ** | 50% ret of 1979-2000 fall | S2 | 182.00 | * | break level | |
| R2 | 186.00 | * | figure | S3 | 181.00 | ** | congestion | |
| R1 | 185.00 | * | figure | S4 | 180.00 | ** | historic congestion |
Asterisk denotes strength of level
14:30 GMT - Cautious trade has given way to sharp JPY-driven gains, with prices currently trading at fresh multi-year highs around 184.50. Rising daily readings highlight room for a test of 185.00. Broader weekly charts and longer-term studies are positive, pointing to potential for continuation beyond here, towards the 187.35 historic Fibonacci retracement and the 187.60 high of August 1990. Meanwhile, support is raised to 183.00 and extends to 182.00. This range should underpin any immediate setbacks.