Published: 2025-12-09T01:12:23.000Z
Chart EUR/JPY Update: Back to pressure 181.50/182.00 range high
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Bounce from the 180.00 support see pressure returning to the 181.50/182.00 range high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.50 | * | 23 Aug 1990 high | S1 | 180.00 | * | congestion | |
| R3 | 184.00 | * | congestion | S2 | 178.82 | ** | Oct high | |
| R2 | 182.60/00 | * | 21 Aug 1990 low, congestion | S3 | 178.00 | ** | congestion | |
| R1 | 182.00 | ** | 20 Nov YTD high | S4 | 177.00 | congestion |
Asterisk denotes strength of level
01:10 GMT - Bounce from the 180.00 support see pressure returning to the 181.50/182.00 range high. Bullish structure keeps prices supported but overbought daily and weekly studies suggest the latter expected to cap and threatens pullback to retest the 180.00 level. Break here will fade the upside pressure and open up room for deeper pullback to retrace strong gains from the 154.80, February current year low. Lower will see room to strong support at the 178.82 and 178.00, October highs and congestion area. Above 182.00, if seen, will further extend gains from the February YTD low.