Published: 2026-06-18T01:16:31.000Z
Chart EUR/JPY Update: Sharp rejection from 186.00/23 resistance
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Marginal break above the 186.00/23 resistance reached 186.30 high before giving way to sharp pullback below the 185.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.50 | congestion | ||
| R3 | 186.87 | * | Jan high | S2 | 184.00 | ** | congestion, 8 Jun low | |
| R2 | 186.30 | ** | 16 Jun high | S3 | 183.00 | * | congestion | |
| R1 | 185.50 | congestion | S4 | 182.00 | ** | congestion, May low |
Asterisk denotes strength of level
01:10 GMT - Marginal break above the 186.00/23 resistance reached 186.30 high before giving way to sharp pullback below the 185.00 level. Consolidation above the 184.50 see prices unwinding stretched intraday studies but this is expected to give way to fresh selling pressure later. Lower will see extension to strong support at 184.00. Below this will open up room for deeper pullback to retrace gains from the 182.00 May low. Meanwhile, resistance is lowered to 185.50 congestion which is expected to cap and sustain rejection from the 186.30 high.