Published: 2025-11-12T14:48:20.000Z
Chart EUR/JPY Update: Trading at 1990 levels
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Cautious trade has given way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 183.00 | * | figure | S1 | 178.00 | break level | ||
| R3 | 182.00 | * | historic congestion | S2 | 177.00 | break level | ||
| R2 | 181.00 | * | historic congestion | S3 | 176.00 | * | break level | |
| R1 | 180.00 | ** | historic congestion | S4 | 175.00 | * | congestion |
Asterisk denotes strength of level
14:30 GMT - Cautious trade has given way to further gains, with JPY-driven trade breaking above the 178.90 high of September 1990 to post fresh multi-year highs at 179.35. Rising daily readings highlight room for continuation towards historic congestion around 180.00. But flat overbought weekly stochastics could limit any initial tests in consolidation. Meanwhile, support remains down to the 178.00 break level, and is expected to underpin any immediate setbacks.