Published: 2025-12-11T01:16:18.000Z
Chart EUR/JPY Update: Consolidating, room for higher later
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Consolidating test of reistance at the 182.60/00 area as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.50 | * | congestion | S1 | 182.00 | * | Nov high | |
| R3 | 185.50 | * | 23 Aug 1990 high | S2 | 181.50 | * | congestion | |
| R2 | 184.00 | * | congestion | S3 | 180.00 | ** | congestion | |
| R1 | 182.60/00 | * | 21 Aug 1990 low, congestion | S4 | 178.82/00 | ** | Oct highs |
Asterisk denotes strength of level
01:10 GMT - Consolidating test of reistance at the 182.60/00 area as prices unwind overbought intraday studies. Bullish structure keep pressure on the upside and higher will see room for extension to the 183.00 congestion and 184.00 channel resistance. However, overbought daily and weekly studies caution corrective pullback with support starting at 182.00/181.50 November highs which should underpin. Break here will ease the upside pressure and open up room for further consolidation to strong support at the 180.00 level.