Chart EUR/JPY Update: Consolidating spike to 181.55 Fibonacci level
Saw spike to reach 181.55 high and 38.2% Fibonacci level before settling back to consolidate strong gains from the 177.82 fresh year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.70 | * | 50% Jul/Sep fall | S1 | 180.00 | * | congestion | |
| R3 | 182.00 | ** | May low | S2 | 179.50/35 | * | congestion, Aug low | |
| R2 | 181.55 | * | 38.2% Jul/Sep fall | S3 | 179.00 | * | congestion | |
| R1 | 180.80 | * | Feb low | S4 | 177.82 | ** | 14 Sep YTD low |
Asterisk denotes strength of level
01:15 GMT - Saw spike to reach 181.55 high and 38.2% Fibonacci level before settling back to consolidate strong gains from the 177.82 fresh year low of last week. Pullback see support starting at the 180.00 congestion then the 179.50/35 area and August low which should underpin. Break here will return focus to the downside for retest of the 178.00/177.82 congestion and 14 September YTD low. Below here will see further losses to retrace the 2025/2026 rally. Would take break above 181.55 high to open up room to strong resistance at the 182.00 May low which is expected to cap.