Published: 2025-11-06T01:23:38.000Z
Chart EUR/JPY Update: Consolidating, room for lower later
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Limited on break of the 176.00 level with bounce from the 175.70 low unwinding oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | * | figure, congestion | S1 | 176.00 | * | congestion | |
| R3 | 178.82 | ** | 30 Oct YTD high | S2 | 175.05/00 | ** | Sep high, congestion | |
| R2 | 178.00 | * | congestion | S3 | 173.90 | ** | Jul high | |
| R1 | 177.00 | * | congestion | S4 | 172.25 | * | October low |
Asterisk denotes strength of level
01:10 GMT - Limited on break of the 176.00 level with bounce from the 175.70 low unwinding oversold intraday studies and returning to consolidate at the 177.00 level. Higher will see room to the 178.00 congestion which is expected to cap. Negative daily studies suggest this giving way to renewed selling pressure later to retest the 175.70 low. Break here will turn focus to strong support at 175.05/173.90, September and July highs. Below this will open up room for deeper pullback to retrace the February/October rally.