Published: 2025-11-13T01:04:53.000Z
Chart EUR/JPY Update: Break to fresh multi-year high
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Break of the 178.82 October high has seen extension to reach fresh multi-year high at 179.48
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00/50 | * | congestion | S1 | 178.00 | * | congestion | |
| R3 | 181.00 | * | congestion | S2 | 177.00 | * | congestion | |
| R2 | 180.00 | * | figure, congestion | S3 | 176.00/70 | * | congestion, 5 Nov low | |
| R1 | 179.48 | 12 Nov YTD high | S4 | 175.05/00 | ** | Sep high, congestion |
Asterisk denotes strength of level
01:00 GMT - Break of the 178.82 October high has seen extension to reach fresh multi-year high at 179.48. Bullish structure from the February low suggest scope for further extend gains within the rising channel and higher will see room to 180.00 figure where reaction can be expected as daily and weekly studies push deep into overbought areas. Meanwhile, support is raised to the 178.00/177.00 congestion area. Would take break here to open up room for deeper pullback to the 176.00/175.70, congestion and 5 November low.