Published: 2025-11-18T01:21:45.000Z
Chart EUR/JPY Update: Pressuring 180.00 level, scope for break
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Pressure remains on the upside and see scope for break of the 180.00 figure to extend gains within the bullish channel from the February low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.50/00 | * | congestion | S1 | 178.82 | * | Oct high | |
| R3 | 182.00 | * | congestion | S2 | 178.00 | * | congestion | |
| R2 | 181.00 | * | congestion | S3 | 177.00 | * | congestion | |
| R1 | 180.00 | ** | figure, congestion | S4 | 176.00/70 | * | congestion, 5 Nov low |
Asterisk denotes strength of level
01:15 GMT - Pressure remains on the upside and see scope for break of the 180.00 figure to extend gains within the bullish channel from the 154.80, February current year low. Break will see room for extension to the 181.00/182.00 congestion area from 1990. However, deep overbought daily studies and divergence on weekly chart caution corrective pullback. Meanwhile, support remains at the 179.00/178.82 congestion and October high. Would take break here to open up room for deeper pullback to retrace gains from the 170.00 August low to the 178.00/177.00, congestion area.