Published: 2026-10-22T01:01:02.000Z
Chart EUR/JPY Update: Extend consolidation below 178.00
1
Little change, as prices extend consolidation below 178.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.80 | ** | Feb low | S1 | 177.00 | * | congestion | |
| R3 | 180.00 | * | congestion | S2 | 176.21 | ** | 5 Oct YTD low | |
| R2 | 179.35 | ** | Aug low | S3 | 176.00 | * | congestion | |
| R1 | 178.00 | * | congestion | S4 | 175.42 | ** | Jul 2024 year high |
Asterisk denotes strength of level
01:00 GMT - Little change, as prices extend consolidation below 178.00. Would take break here to open up room for stronger corrective bounce to retrace losses from the 181.55 swing high of 18 September. Clearance here, if seen, will open up room to the 179.00 level and strong resistance at the 179.35 August low. Meanwhile, support is raised to the 177.00 congesion. Failure to hold this will expose the 176.21 low to retest and threatens resumption of losses from the 187.95, April current year high.