Published: 2026-10-29T01:17:20.000Z
Chart EUR/JPY Update: Consolidating at 175.42/175.10 lows
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Extending consolidation above 175.10 Friday's current year low as prices unwind oversold daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.35 | ** | Aug low | S1 | 175.42 | * | Jul 2024 yr high | |
| R3 | 178.00 | ** | congestion | S2 | 175.10 | ** | 23 Oct YTD low | |
| R2 | 177.00 | * | congestion | S3 | 174.00 | * | congestion | |
| R1 | 176.20 | * | 5 Oct low | S4 | 173.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Extending consolidation above 175.10 Friday's current year low as prices unwind oversold daily and weekly studies. Hold above here suggest scope for bounce to correct losses from the August high and channel resistance with resistance starting at 176.20 then the 177.00 congestion and wedged top. Above here will open up room to strong resistance at the 178.00 congestion. Meanwhile, support at the 175.42/175.10 low should underpin. Failure here and the 175.00 level will see room for extension to support at the 174.00/173.00 congestion area.