Published: 2025-10-06T13:48:47.000Z
Chart EUR/JPY Update: Consolidating earlier gap to fresh year highs
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The opening gap to the 176.25 fresh year high at 176.25 has given way to a pullback to congestion support at 175.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 178.00 | ** | Jan 1991 year high | S1 | 175.00 | * | congestion | |
| R3 | 176.25 | * | current year high | S2 | 174.00 | ** | congestion | |
| R2 | 176.00 | * | congestion | S3 | 173.25 | * | 3 Oct high, gap low | |
| R1 | 175.70 | * | Feb 1991 high | S4 | 172.00/26 | ** | cong; 2 Oct (w) low |
Asterisk denotes strength of level
14:15 BST - The opening gap to the 176.25 fresh year high at 176.25 has given way to a pullback to congestion support at 175.00, as overbought intraday studies unwind, with prices currently trading around 175.30. A fresh test beneath here cannot be ruled out. But rising daily readings are expected to limit scope in renewed buying interest above the 173.25 high of 3 October and gap low. Meanwhile, a close above 175.00 will improve sentiment. But a further close above the 175.70 high of February 1991 will turn sentiment positive and extend long-term gains towards 178.00.