Published: 2026-10-19T01:07:35.000Z
Chart EUR/JPY Update: Extend choppy trade above 176.21 low
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Still choppy above the 176.21 current year low of 5 October as prices extend consolidation around the 177.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.80 | ** | Feb low | S1 | 176.21 | ** | 5 Oct YTD low | |
| R3 | 180.00 | * | congestion | S2 | 176.00 | * | congestion | |
| R2 | 179.35 | ** | Aug low | S3 | 175.42 | ** | Jul 2024 year high | |
| R1 | 178.00 | * | congestion | S4 | 175.30 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
01:00 GMT - Still choppy above the 176.21 current year low of 5 October as prices extend consolidation around the 177.00 level. Daily studies have turned higher from oversold areas and suggest choppy trade to give way to break higher above resistance at the 177.50/178.00 congestion. Break will ease the downside pressure and open up room for stronger corrective bounce to retest the 179.35, August low. Meanwhile, support remains at 176.21 low and the 176.00 level. Failure here will open up room for extension to strong support at 175.42/175.30, July 2024 year high and 38.2% Fibonacci retracement.