Published: 2025-11-19T01:08:00.000Z
Chart EUR/JPY Update: Pressuring 180.00 level, room for higher
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Limited on break of 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
01:05 GMT - Limited on break of the 180.00 figure but pressure remains on the upside and see scope to further extend gains within the bullish channel from the 154.80, February current year low. Clearance will see room for extension to the 181.00/182.00 congestion area from 1990 but 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 the 178.00/177.00, congestion area.