Chart EUR/JPY Update: Choppy in range
Anticipated losses have bounced from just above strong support within congestion around 176.00 and the 176.20~ current year low of 5 October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.50 | range highs | S1 | 176.20~ | ** | 5 Oct YTD low | ||
| R3 | 179.00 | * | congestion | S2 | 176.00 | ** | congestion | |
| R2 | 178.00 | * | congestion | S3 | 175.70 | ** | 5 Nov 2025 (m) low | |
| R1 | 177.00 | ** | congestion | S4 | 175.00 | ** | congestion |
Asterisk denotes strength of level
14:00 BST - Anticipated losses have bounced from just above strong support within congestion around 176.00 and the 176.20~ current year low of 5 October, with prices currently trading around 176.80. Intraday studies are under pressure, suggesting room for a retest. But positive daily readings should limit any immediate tests in fresh consolidation, before bearish weekly charts prompt a break. A close beneath here will turn sentiment negative and confirm continuation of broad April losses below the 175.70 monthly low of 5 November 2025.
Meanwhile, a close resistance at 177.00, if seen, will help to stabilise sentiment and give way to fresh consolidation beneath further congestion around 178.00.