Published: 2026-11-06T01:44:21.000Z
Chart EUR/JPY Update: Settled back in consolidation
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Settled back in consolidation after failing to sustain break of the 178.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | figure | S1 | 176.40/20 | * | congestion, 5 Oct low | |
| R3 | 179.35 | ** | Aug low | S2 | 176.00 | * | congestion | |
| R2 | 179.00 | * | congestion | S3 | 175.42 | * | Jul 2024 year low | |
| R1 | 178.00 | ** | congestion | S4 | 175.08 | ** | 30 Oct YTD low |
Asterisk denotes strength of level
01:35 GMT - Settled back in consolidation after failing to sustain break of the 178.00 level as prices unwind overbought intraday studies. Break below the 177.00 level has seen deeper correction to strong support at the 176.40/20 area which should underpin and give way to renewed buying interest later for retest of the 178.00 level. Clearance here will see room to strong resistance at the 179.00 congestion then the 179.35, August high. Break of support at the 176.40/20 area will return focus to the downside for retest of the 175.08 low and extend the April losses.