Published: 2026-11-02T01:16:01.000Z
Chart EUR/JPY Update: Consolidating at 176.00, scope for bounce
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Little change, as prices extend consolidation around the 176.00 level following bounce from 175.08 Friday's current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.35 | ** | Aug low | S1 | 175.42 | * | Jul 2024 year low | |
| R3 | 179.00 | * | congestion | S2 | 175.08 | ** | 30 Oct YTD low | |
| R2 | 178.00 | ** | congestion | S3 | 174.00 | * | congestion | |
| R1 | 177.00 | * | congestion | S4 | 173.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Little change, as prices extend consolidation around the 176.00 level following bounce from 175.08 Friday's current year low. Daily and studies have turned up from oversold readings and suggest scope for stronger bounce to the 176.50/177.00 wedge top and 178.00 congestion area. Clearance here will open up room for stronger recovery to retrace losses from the 186.00 August high to strong resistance at the 179.00/179.35 congestion and August high. Meanwhile, support at the 175.42 and 175.08 lows should underpin.