Published: 2026-10-05T01:24:05.000Z
Chart EUR/JPY Update: Under pressure
1
Prices remains under pressure following break of support at the 178.00/177.80 congestion and mid-September low last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.80 | ** | Feb low | S1 | 176.60 | ** | 2 Oct YTD low | |
| R3 | 180.00 | * | congestion | S2 | 176.00 | * | congestion | |
| R2 | 179.35 | * | Aug low | S3 | 175.30 | * | 38.2% 2025/2026 rally | |
| R1 | 178.00 | * | congestion | S4 | 175.05 | * | Sep 2025 high |
Asterisk denotes strength of level
01:15 GMT - Prices remains under pressure following break of support at the 178.00/177.80 congestion and mid-September low last week. Negative daily and weekly studies suggest consolidation above 176.60 fresh year low expected to give way to fresh selling pressure to extend losses from the 187.95 April YTD high. Lower will see room for deeper pullback to retrace gains from the 2025 year low to 176.00 level and 175.30, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 177.80/178.00 mid-September low and congestion area, now expected to cap corrective bounce.