Chart EUR/JPY Update: Fresh year low - prices remain under pressure
Choppy trade has posted a fresh year low around 176.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | congestion | S1 | 177.00 | ** | congestion | |
| R3 | 179.50 | range highs | S2 | 176.75~ | * | 1 Oct YTD low | ||
| R2 | 179.00 | * | congestion | S3 | 176.00 | ** | congestion | |
| R1 | 178.00 | * | congestion | S4 | 175.70 | ** | 5 Nov 2025 (m) low |
Asterisk denotes strength of level
09:55 BST - Choppy trade has posted a fresh year low around 176.75, before bouncing into consolidation within the broad 177.00 - 178.00 range. Daily stochastics and the daily Tension Indicator continue to track lower and broader weekly charts are under pressure, highlighting room for further losses in the coming sessions. A break below congestion support at 177.00 will open up the 176.75 current year low of 1 October. A further break will extend broad April losses towards congestion around 176.00.
Meanwhile, a close above congestion resistance at 178.00 is needed to stabilise price action and prompt consolidation beneath further congestion around 179.00.