Chart EUR/JPY Update: Consolidating below 180.80 resistance
Settled back in consolidation below 180.80 resistance following pullback from the 181.55 high last Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.70 | * | 50% Jul/Sep fall | S1 | 180.00 | * | congestion | |
| R3 | 182.00 | ** | May low | S2 | 179.50/35 | * | congestion, Aug low | |
| R2 | 181.55 | * | 38.2% Jul/Sep fall | S3 | 179.00 | * | congestion | |
| R1 | 180.80 | * | Feb low | S4 | 177.82 | ** | 14 Sep YTD low |
Asterisk denotes strength of level
01:20 GMT - Settled back in consolidation below 180.80 resistance following pullback from the 181.55 high last Friday. Clearance here needed to open up room for stronger gains to retrace the July/September losses towards strong resistance at 182.00 May low. Corrective gains are expected to give way to renewed selling pressure later with support starting at the 180.00 level then the 179.50/35 congestion and August low. Would take break of these to return focus to the downside for retest of the 178.00/177.82 level and 14 September YTD low. Below here will see deeper pullback to retrace the 2025/2026 rally.