Published: 2025-10-31T01:18:29.000Z
Chart EUR/JPY Update: Consolidating gains to fresh year high
1
Saw break above the 178.00 level to reach fresh year high just below the 178.90 high of September 1990
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | * | congestion | S1 | 177.00 | * | congestion | |
| R3 | 181.00 | * | congestion | S2 | 176.62 | * | 21 Oct low | |
| R2 | 180.00 | ** | figure, congestion | S3 | 176.00 | * | congestion | |
| R1 | 178.90 | * | Sep 1990 high | S4 | 175.05/00 | ** | 26 Sep high, congestion |
Asterisk denotes strength of level
01:15 GMT - Saw break above the 178.00 level to reach fresh year high just below the 178.90 high of September 1990. Consolidation here see prices unwinding overbought intraday studies but further gains cannot be ruled out. Higher will further extend gains within the February bull channel and see room to target the 180.00 figure. However, overbought daily and weekly studies caution corrective pullback with support raised to the 177.00/176.62 area. Would take break here to open up room for deeper pullback to the 175.00/174.00 area.