Published: 2025-10-14T01:31:17.000Z
Chart EUR/JPY Update: Consolidating, room for deeper pullback later
-
Range-bound in consolidation above 175.68 Friday's low as prices unwind oversold intraday studies following sharp pullback from the 177.90 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.00 | * | congestion | S1 | 175.68 | 10 Oct low | ||
| R3 | 178.45 | * | Dec 1990 high | S2 | 175.05 | ** | 26 Sep high | |
| R2 | 177.90 | ** | Jan 1991 year high | S3 | 174.50 | * | 19 Sep high | |
| R1 | 177.00/15 | * | congestion, 10 Oct high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:15 GMT - Range-bound in consolidation above 175.68 Friday's low as prices unwind oversold intraday studies following sharp pullback from the 177.90 resistance. Daily and weekly studies have turned lower from overbought areas and suggest consolidation giving way to deeper pullback later. Lower will see room to strong support at the 175.05/174.50 area. Break of this area will open up room to the 173.90, July high. Meanwhile, resistance at the 177.00/15 congestion is expected to cap and sustain losses from the 177.93 high.