Published: 2026-10-07T01:00:54.000Z
Chart EUR/JPY Update: Extending bounce from 176.21 current year low
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Extending bounce from 176.21 Monday's current year low as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.80 | ** | Feb low | S1 | 177.00 | * | congestion | |
| R3 | 180.00 | * | congestion | S2 | 176.21 | ** | 5 Oct YTD low | |
| R2 | 179.35 | ** | Aug low | S3 | 175.42 | ** | Jul 2024 year high | |
| R1 | 178.50 | * | congestion | S4 | 175.30 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
00:50 GMT - Extending bounce from 176.21 Monday's current year low as prices unwind oversold intraday and daily studies. Above the 178.00 level opens up room for stronger gains within the broad bear channel from the 187.47 July high towards 178.50 congestion then the strong resistance at 179.35, August low. Break here, if seen, will open up room to the 180.00 congestion and 180.80, February low. Meanwhile, support starts at the 177.00 level ahead of 176.21 low. Below these will see room for extension to strong support at 175.42/30, July 2024 year high and 38.2% Fibonacci retracement.