Published: 2026-10-23T01:19:36.000Z
Chart EUR/JPY Update: Extension to fresh year low at 175.42/30 support
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Consolidation below the 178.00 level has given way to sharp break lower through the 177.00 congestion and 176.20, 5 October low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.35 | ** | Aug low | S1 | 175.42 | ** | Jul 2024 yr high | |
| R3 | 178.00 | ** | congestion | S2 | 175.30 | * | 38.2% 2025/2026 rally | |
| R2 | 177.00 | * | congestion | S3 | 175.00 | * | congestion | |
| R1 | 176.20 | * | 5 Oct low | S4 | 174.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Consolidation below the 178.00 level has given way to sharp break lower through the 177.00 congestion and 176.20, 5 October low. Losses has seen extension to fresh year low to reach support at 175.42/175.30, 2024 year high and 38.2% Fibonacci level. Would expect reaction here but bearish momentum suggest this giving way to renewed selling pressure later. Lower will see room to 175.00/174.00 congestion area. Meanwhile, resistance is lowered to the 176.20/177.00, 5 October low and congestion area which is expected to cap and sustain losses from the 178.00 level.