Published: 2026-10-09T00:56:39.000Z
Chart EUR/JPY Update: Consolidating above 176.21 low
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No follow-through on break of the 177.00 level as prices consolidate losses at the 176.21 Monday's low
| 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 | 178.00 | * | congestion | S4 | 175.30 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
00:50 GMT - No follow-through on break of the 177.00 level as prices consolidate losses at the 176.21 Monday's low. Daily studies are mixed at oversold areas and suggest ranging action tracing out a small base pattern ahead of stronger bounce to correct recent losses from the 181.55, 18 September swing high. Resistance is at the 178.00 congestion and clearance here will see room to strong resistance at the 179.35, August low. Break of the 176.21 low and 176.00 level will see room for extension to strong support at 175.42/30, July 2024 year high and 38.2% Fibonacci retracement.