Published: 2025-11-12T01:07:50.000Z
Chart EUR/JPY Update: Poised for retest of 178.82 high
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Poised for retest of the 178.82 October current year high as prices extend bounce from the 175.70 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.50 | * | congestion | S1 | 178.00 | * | congestion | |
| R3 | 180.00 | * | figure, congestion | S2 | 177.00 | * | congestion | |
| R2 | 178.90 | * | Sep 1990 high | S3 | 176.00/70 | * | congestion, 5 Nov low | |
| R1 | 178.82 | ** | 30 Oct YTD high | S4 | 175.05/00 | ** | Sep high, congestion |
Asterisk denotes strength of level
01:00 GMT - Poised for retest of the 178.82 October current year high as prices extend bounce from the 175.70 low of last week. Bullish structure from the February low suggest scope for break here to further extend gains within the rising channel. Higher will see room to 178.90 then the 180.00 figure where reaction can be expected. Meanwhile, support is raised to the 178.00/177.00 congestion area. Only below this will open up room for pullback to retest support at the 176.00/175.70, congestion and 5 November low.