Published: 2025-11-05T01:17:30.000Z
Chart EUR/JPY Update: Extending losses from 178.82 high
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Consolidation below the 178.82 high has given way to pullback to break the 177.00/176.62 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | * | figure, congestion | S1 | 176.00 | * | congestion | |
| R3 | 178.82 | ** | 30 Oct YTD high | S2 | 175.05/00 | ** | Sep high, congestion | |
| R2 | 178.00 | * | congestion | S3 | 173.90 | ** | Jul high | |
| R1 | 177.00 | * | congestion | S4 | 172.25 | * | October low |
Asterisk denotes strength of level
01:10 GMT - Consolidation below the 178.82 high has given way to pullback to break the 177.00/176.62 support as prices unwind overbought daily studies. Follow-through below the 176.00 level will turn focus to the strong support at 175.05/173.90, September and July highs. Failure to hold this area will open up room for deeper pullback to retrace the February/October rally. Meanwhile, resistance is lowered to the 177.00 congestion which is expected to cap and sustain losses from the 178.82, October current year high.