Published: 2025-10-29T01:24:44.000Z
Chart EUR/JPY Update: Extending pullback from 178.23 high
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Sharp pullback from the 178.23 high to break the 177.00 level opens up room for deeper pullback to retrace gains from the 175.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure, congestion | S1 | 176.62 | 21 Oct high | ||
| R3 | 178.90 | * | Sep 1990 high | S2 | 176.00 | * | congestion | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 175.05/00 | ** | 26 Sep high, congestion | |
| R1 | 178.00/23 | ** | congestion, 27 Oct YTD high | S4 | 174.71 | * | 6 Oct low |
Asterisk denotes strength of level
01:10 GMT - Sharp pullback from the 178.23 high to break the 177.00 level opens up room for deeper pullback to retrace gains from the 175.00 level. Daily studies are unwinding overbought readings and suggest room to support at the 176.62/176.00 area. Break here will open up strong support at the 175.05/00 congestion area to retest. Would take break of the 178.00/23 high to further extend gains within the bull channel and see extension to resistance at 178.45 and 178.90, December/September 1990 highs.