Published: 2025-10-27T01:05:21.000Z
Chart EUR/JPY Update: Consolidating test of 178.00, room for higher later
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Gains have reached the 177.94 high and the 178.00 level with but struggling to sustain break here
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure, congestion | S1 | 177.00 | * | congestion | |
| R3 | 178.90 | * | Sep 1990 high | S2 | 176.00 | * | congestion | |
| R2 | 178.45 | * | Dec 1990 high | S3 | 175.05/00 | ** | 26 Sep high, congestion | |
| R1 | 177.94/00 | ** | 9 Oct YTD high, congestion | S4 | 174.71 | * | 6 Oct low |
Asterisk denotes strength of level
01:00 GMT - Gains have reached the 177.94 high and the 178.00 level with but struggling to sustain break here as intraday studies extend into overbought areas. However, bullish momentum suggest scope for break later to extend gains from the 154.80, February low. Clearance, will further extend gains within the bull channel and see room to resistance at 178.45 and 178.90. Meanwhile, support is raised to the 177.00 congestion area which should underpin. Would take break here to open up room for deeper corrective pullback to 176.60/176.00 area.