Published: 2026-11-05T01:20:08.000Z
Chart EUR/JPY Update: Consolidating below 178.00
1
No follow-through on break above the 178.00 level as prices settled back from test of 178.50 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure | S1 | 177.00 | * | congestion | |
| R3 | 179.35 | ** | Aug low | S2 | 176.20 | * | 5 Oct low | |
| R2 | 179.00 | * | congestion | S3 | 175.42 | * | Jul 2024 year low | |
| R1 | 178.00 | ** | congestion | S4 | 175.08 | ** | 30 Oct YTD low |
Asterisk denotes strength of level
01:15 GMT - No follow-through on break above the 178.00 level as prices settled back from test of 178.50 high to consolidate strong gains from the 175.10/08 double bottom. A later break here will open up room for stronger gains to retrace losses from the 186.00 August high. Clearance will see room to strong resistance at the 179.00 congestion then the 179.35, August high. Meanwhile, support is raised to the 177.00 level which should underpin. Would take break here to ease the upside pressure and see room for pullback to support at the 176.40/20 area.