Published: 2025-11-11T01:11:49.000Z
Chart EUR/JPY Update: Focus return to 178.82 high
1
Extending bounce from the 175.70 low and regaining the 178.00 level expose the 178.82 high to retest
| 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 | 178.90 | * | Sep 1990 high | S3 | 175.05/00 | ** | Sep high, congestion | |
| R1 | 178.82 | ** | 30 Oct YTD high | S4 | 173.90 | ** | Jul high |
Asterisk denotes strength of level
01:00 GMT - Extending bounce from the 175.70 low and regaining the 178.00 level expose the 178.82 high to retest. Bullish structure suggest scope for break here to further extend gains from the February low. Higher will see room to the 180.00 figure where reaction can be expected. Meanwhile, support remains at the 177.00 congestion. Below this will open up room for deeper pullback to retest support at the 176.00/175.70 congestion and 5 November low which is expected to underpin and sustain the bullish structure.