Published: 2025-11-19T15:02:06.000Z
Chart EUR/JPY Update: Trading around August 1990 levels
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Cautious trade around 180.00 has given way to sharp gains in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.00 | * | figure | S1 | 180.00 | ** | historic congestion | |
| R3 | 183.00 | * | figure | S2 | 179.00 | * | break level | |
| R2 | 182.00 | * | historic congestion | S3 | 178.00 | break level | ||
| R1 | 181.00 | * | historic congestion | S4 | 177.00 | break level |
Asterisk denotes strength of level
14:50 GMT - Cautious trade around 180.00 has given way to sharp gains in JPY-driven trade, with prices currently trading at fresh multi-year highs around historic congestion around 181.00. Daily readings are positive, highlighting room for continuation of long-term gains towards 182.00. But already overbought daily stochastics and flat overbought weekly readings could limit any initial tests in consolidation, before positive longer-term charts prompt further gains. Meanwhile, a close back below 180.00, if seen, would stabilise price action and prompt consolidation above 179.00.