Chart EUR/JPY Update: Leaning lower in range
Cautious trade has given way to a fresh test below congestion at 177.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.50 | range highs | S1 | 176.20~ | ** | 5 Oct YTD low | ||
| R3 | 179.00 | * | congestion | S2 | 176.00 | ** | congestion | |
| R2 | 178.00 | * | congestion | S3 | 175.70 | ** | 5 Nov 2025 (m) low | |
| R1 | 177.00 | ** | congestion | S4 | 175.00 | ** | congestion |
Asterisk denotes strength of level
14:20 BST - Cautious trade has given way to a fresh test below congestion at 177.00, with prices currently trading around 176.85. Intraday studies are turning down, highlighting room for continuation down to strong support within congestion around 176.00 and the 176.20~ current year low of 5 October. However, rising daily readings could limit any initial tests in fresh consolidation, before bearish weekly charts prompt a break. A close beneath here will turn sentiment negative and confirm continuation of broad April losses below the 175.70 monthly low of 5 November 2025.
Meanwhile, a close back above 177.00 will help to stabilise sentiment and give way to fresh consolidation beneath further congestion around 178.00.