Published: 2026-11-10T14:41:16.000Z
Chart EUR/JPY Update: Room for higher in choppy trade
1
The anticipated test of 177.00 has given way to a JPY-driven break to 177.70
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | * | congestion | S1 | 177.00 | * | congestion | |
| R3 | 179.00 | * | congestion | S2 | 176.00 | ** | congestion | |
| R2 | 178.45~ | * | 4 Nov (w) high | S3 | 175.30 | ** | 38.2% ret of 2025-2026 rally | |
| R1 | 178.00 | * | congestion | S4 | 175.00 | ** | congestion |
Asterisk denotes strength of level
14:30 GMT - The anticipated test of 177.00 has given way to a JPY-driven break to 177.70, where mixed intraday studies are prompting choppy trade. Daily readings are improving and negative weekly readings are flattening, suggesting room for continuation towards congestion resistance at 178.00. However, bearish longer-term charts should limit any continuation beyond here in renewed selling interest/consolidation within congestion beneath 179.00.
Meanwhile, any immediate tests back below congestion support at 177.00 should give way to consolidation/range extension above further congestion around 176.00.