Published: 2026-11-13T01:35:12.000Z
Chart EUR/JPY Update: Extend consolidation above 176.20 support
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Leaning lower from the 178.50 high of last week to retest the 176.20 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 179.35 | ** | Aug low | S1 | 176.20 | * | 5 Oct low | |
| R3 | 179.00 | * | congestion | S2 | 176.00 | * | congestion | |
| R2 | 178.00/50 | ** | congestion, 4 Nov high | S3 | 175.08 | ** | 30 Oct YTD low | |
| R1 | 177.00 | congestion | S4 | 174.00 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Leaning lower from the 178.50 high of last week to retest the 176.20 support. Daily studies are mixed and suggest ranging action here likely to extend before giving way to renewed buying interest later to retest resistance at the 178.00/50 area. Clearance here will extend the broader gains from the 175.08 October current year low to retrace losses from the 186.00 high of August and see room to strong resistance at the 179.00 level and extending to 179.35, August high. Meanwhile, support at the 176.20 should underpin and sustain bounce from the 175.08 double bottom.