Chart EUR/JPY Update: Higher in choppy trade
Higher in choppy trade above the 176.21 current year low of 5 October with push above the 177.00 level opening up room for retest of resistance at 178.00
| 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 | 176.00 | * | congestion | |
| R1 | 178.00 | * | congestion | S4 | 175.42 | ** | Jul 2024 year high |
Asterisk denotes strength of level
01:15 GMT - Higher in choppy trade above the 176.21 current year low of 5 October with push above the 177.00 level opening up room for retest of resistance at 178.00. Daily studies have turned higher from oversold areas and suggest choppy trade to give way to break here and open up room for stronger corrective bounce to strong resistance at the 179.35 August low and the 180.00 figure. Meanwhile, support is raised to the 177.00 congesion which should underpin. Below here will expose the 176.21 low to retest and resume losses from the 187.95 April current year high.