Published: 2025-11-05T14:45:40.000Z
Chart EUR/JPY Update: Gains to remain limited
1
The anticipated test below support at the 176.00 break level has bounced from 175.70
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | historic congestion | S1 | 176.00 | * | break level | |
| R3 | 178.90 | ** | Sep 1990 high | S2 | 175.00 | * | congestion | |
| R2 | 178.00 | break level | S3 | 174.00 | ** | congestion | ||
| R1 | 177.00 | break level | S4 | 173.25 | ** | 3 Oct high, gap low |
Asterisk denotes strength of level
14:30 GMT - The anticipated test below support at the 176.00 break level has bounced from 175.70, as oversold intraday studies unwind, with steady gains currently trading just below resistance at 177.00. Daily readings continue to fall and broader weekly charts are mixed/negative, suggesting any immediate break above 177.00 could give way to fresh consolidation beneath further resistance at the 178.00 break level. Meanwhile, a close below 176.00 will add weight to sentiment and open up a test of congestion support at 175.00.