Published: 2025-11-17T01:00:58.000Z
Chart EUR/JPY Update: Consolidating below 180.00 level
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Extending consolidation below the 180.00 figure but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.50/00 | * | congestion | S1 | 178.82 | * | Oct high | |
| R3 | 182.00 | * | congestion | S2 | 178.00 | * | congestion | |
| R2 | 181.00 | * | congestion | S3 | 177.00 | * | congestion | |
| R1 | 180.00 | * | figure, congestion | S4 | 176.00/70 | * | congestion, 5 Nov low |
Asterisk denotes strength of level
01:00 GMT - Extending consolidation below the 180.00 figure but pressure remains on the upside following strong gains from 175.70 early November low. Break, if seen, will further extend gain within the rising channel from the February low but the deep overbought daily studies and divergence on weekly chart caution corrective pullback. Meanwhile, support remains at the 179.00/178.82 congestion and October high. Would take break here to open up room for deeper pullback to retrace gains from the 170.00 August low and see room to the 178.00/177.00, congestion area.