Published: 2026-10-30T01:35:50.000Z
Chart EUR/JPY Update: Higher within a wedge pattern
1
Higher in consolidation from the 175.10 current year low of last week as prices unwind oversold daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.35 | ** | Aug low | S1 | 176.20/00 | * | 5 Oct low, congestion | |
| R3 | 179.00 | * | congestion | S2 | 175.42 | * | Jul 2024 yr low | |
| R2 | 178.00 | ** | congestion | S3 | 175.10 | ** | 23 Oct YTD low | |
| R1 | 177.00 | * | congestion | S4 | 174.00 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Higher in consolidation from the 175.10 current year low of last week as prices unwind oversold daily and weekly studies. Above the 176.20 resistance will see room for stronger gains to the 176.50/177.00 wedge top and 177.00 congestion area. Clearance here will open up room for stronger recovery to retrace losses from the 186.00 August high to 178.00/179.00 congestion. Meanwhile, support is raised to the 176.20/00 area which should underpin and sustain bounce from the 175.42/175.10 lows.