Published: 2025-10-30T00:52:04.000Z
Chart EUR/JPY Update: Consolidating above 177.00, room for lower later
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No follow-through on break of the 177.00 level as prices turned up from the 176.62 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure, congestion | S1 | 176.62 | 21 Oct high | ||
| 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 | 178.00/23 | ** | congestion, 27 Oct YTD high | S4 | 174.71 | * | 6 Oct low |
Asterisk denotes strength of level
00:50 GMT - No follow-through on break of the 177.00 level as prices turned up from the 176.62 support. Daily studies are unwinding overbought readings and suggest consolidation to give way to fresh losses later. Break of support at the 176.62/176.00 area will open up room for extension to strong support at the 175.05/00 congestion. Meanwhile, resistance at the 178.00/23 highs are expected to cap. Break will further extend gains within the February bull channel and see extension to 178.45 and 178.90, December/September 1990 highs.