Published: 2026-11-11T01:11:01.000Z
Chart EUR/JPY Update: Room for higher in choppy trade
1
Higher in choppy trade as prices extend bounce from the 176.40/20 support to regain the 177.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure | S1 | 177.00 | * | congestion | |
| R3 | 179.35 | ** | Aug low | S2 | 176.40/20 | * | congestion, 5 Oct low | |
| R2 | 179.00 | * | congestion | S3 | 176.00 | * | congestion | |
| R1 | 178.00/50 | ** | congestion | S4 | 175.08 | ** | 30 Oct YTD low |
Asterisk denotes strength of level
01:10 GMT - Higher in choppy trade as prices extend bounce from the 176.40/20 support to regain the 177.00 level. Above here see room for extension to retest resistance at the 178.00/50 congestion and high of last week. Clearance here will extend the broader gains from the 175.08 October current year low to retrace losses from the 186.00 high of August. Higher will see room to strong resistance at the 179.00 congestion then the 179.35, August high. Meanwhile, support at the 177.00 congestion and extending to the 176.40/20 area expected to underpin and sustain bounce from the 175.08 double bottom.