Published: 2026-09-15T01:21:34.000Z
Chart EUR/JPY Update: Extend consolidation above 178.00/177.82
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Edging higher in consolidation at the 178.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | ** | May low | S1 | 177.82 | ** | 14 Sep YTD low | |
| R3 | 180.80 | ** | Feb low | S2 | 177.00 | * | congestion | |
| R2 | 180.00 | * | figure, congestion | S3 | 176.00 | * | congestion | |
| R1 | 179.35/50 | ** | Aug low, congestion | S4 | 175.40 | ** | Jul 2024 year high |
Asterisk denotes strength of level
01:15 GMT - Edging higher in consolidation at the 178.00 level as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest room for bounce to retest resistance at 179.35/50 August low and congestion area. Break here will open up room for stronger bounce to strong resistance at the 180.00/180.80 figure and February low which is expected to cap. Corrective gains are expected to give way to fresh selling pressure later. Below the 178.00/177.82 will see room to further retrace gains from the February 2025 year low to the 177.00/176.00 congestion area.