Published: 2026-11-03T14:15:06.000Z
Chart EUR/JPY Update: Extending pressure on 177.00 - daily studies rising
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Consolidation at congestion resistance around 177.00 has given way to a pullback to 176.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 180.00 | ** | congestion | S1 | 176.00 | ** | congestion | |
| R3 | 179.00 | * | congestion | S2 | 175.30 | ** | 38.2% ret of 2025-2026 rally | |
| R2 | 178.00 | * | congestion | S3 | 175.00/05~ | * | congestion; 30 Oct YTD low | |
| R1 | 177.00 | * | congestion | S4 | 174.70 | ** | 6 Oct 25 low, gap high |
Asterisk denotes strength of level
13:55 GMT - Consolidation at congestion resistance around 177.00 has given way to a pullback to 176.50, before bouncing back to once again pressure 177.00. Daily stochastics and the daily Tension Indicator continue to improve, suggesting room for continuation beyond here towards further congestion around 178.00. However, mixed/negative weekly charts could limit any initial tests in fresh consolidation.
Meanwhile, support remains at congestion around 176.00 and should underpin any immediate setbacks.