Published: 2025-11-10T01:04:06.000Z
Chart EUR/JPY Update: Extending bounce from 175.70 low
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Extending bounce from the 175.70 low as prices unwinding oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.50 | * | congestion | S1 | 177.00 | * | congestion | |
| R3 | 180.00 | * | figure, congestion | S2 | 176.00/70 | * | congestion, 5 Nov low | |
| R2 | 178.82 | ** | 30 Oct YTD high | S3 | 175.05/00 | ** | Sep high, congestion | |
| R1 | 178.00 | * | congestion | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:00 GMT - Extending bounce from the 175.70 low as prices unwinding oversold intraday studies. Above the 177.00 level see room for retest of the 178.00 congestion which is expected to cap. Clearance, will expose the 178.82 high to retest and further extend the bullish structure from the February low and see room to target the 180.00 level. Meanwhile, support is raised to 177.00 congestion then the 176.00/175.70 congestion and low of last week. Would take break here to open up room for deeper pullback to strong support at 175.05/173.90, September and July highs.