Published: 2025-09-16T01:18:24.000Z
Chart EUR/JPY Update: Focus return to 173.90 high
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Edging higher from the 172.14 low of last week and gains above the 173.00 level turn focus to the 173.90 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 175.40 | ** | July 2024 year high | S1 | 173.00 | * | congestion | |
| R3 | 175.00 | * | figure | S2 | 172.14 | * | 9 Sep low | |
| R2 | 174.50 | * | congestion | S3 | 171.00 | ** | 14 Aug low, congestion | |
| R1 | 173.90 | ** | 28 Jul YTD high | S4 | 170.00 | ** | congestion |
Asterisk denotes strength of level
01:15 GMT - Edging higher from the 172.14 low of last week and gains above the 173.00 level turn focus to the 173.90 highs. Clearance here, if seen, will further extend gains within the bullish channel from the February low and see room to the 174.50/175.00 area though potential will be for retest of the 175.40, July 2024 year high. Meanwhile, support is raised to the 173.00 level and this and the 172.14 low of last week now expected to underpin and sustain gains from the 170.00 level.