Published: 2025-12-03T14:46:08.000Z
Chart EUR/JPY Update: Cautious trade beneath year highs
1
The break above 181.00 is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.00 | * | figure | S1 | 181.00 | * | intraday break level | |
| R3 | 184.00 | * | figure | S2 | 180.00 | * | break level | |
| R2 | 183.00 | * | figure | S3 | 179.00 | * | break level | |
| R1 | 182.00 | * | 20 Nov YTD high, historic cong | S4 | 178.00 | break level |
Asterisk denotes strength of level
14:35 GMT - The break above 181.00 is giving way to consolidation, as positive intraday studies flatten, with prices currently balanced around 181.25. Bearish daily stochastics are flattening in oversold areas, suggesting potential for a test higher. But the negative daily Tension Indicator and flattening bullish weekly readings are expected to limit scope in consolidation beneath critical resistance at the 182.00 current year high of 20 November and historic congestion. In the coming sessions, further consolidation is looked for. But a close below support at 180.00 would add weight to sentiment and initially target 179.00.