Published: 2025-12-05T01:01:37.000Z
Chart EUR/JPY Update: Stays below 182.00; corrective pullback threatens
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Still choppy within the 182.00/180.00 range but narrowing range suggest breakout imminent
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.50 | * | 23 Aug 1990 high | S1 | 180.00 | * | congestion | |
| R3 | 184.00 | * | congestion | S2 | 178.82 | ** | Oct high | |
| R2 | 182.60/00 | * | 21 Aug 1990 low, congestion | S3 | 178.00 | ** | congestion | |
| R1 | 182.00 | ** | 20 Nov YTD high | S4 | 177.00 | congestion |
Asterisk denotes strength of level
00:50 GMT - Still choppy within the 182.00/180.00 range but narrowing range suggest breakout imminent. Bullish structure suggest scope for break higher to further extend gains from the late-February low. However, the waning momentum caution corrective pullback through the 180.00 level. Break here will fade the upside pressure and open up room for deeper pullback to retrace strong gains from the 154.80, February current year low. Lower will see room to strong support at the 178.82 and 178.00, October highs and congestion area.