Published: 2026-01-05T14:05:02.000Z
Chart EUR/JPY Update: Leaning lower
2
Consolidation around congestion resistance at 184.00 has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 183.00 | * | break level | |
| R3 | 186.00 | * | figure | S2 | 182.00 | * | break level | |
| R2 | 185.00 | * | figure | S3 | 181.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | historic congestion |
Asterisk denotes strength of level
14:00 GMT - Consolidation around congestion resistance at 184.00 has given way to anticipated losses, with prices currently pressuring support at 183.00. Daily readings are bearish and broader weekly charts are turning down, pointing to room for fresh losses. A break below 183.00 will add weight to sentiment and open up support at 182.00. Meanwhile, a close above 184.00 would help to stabilise price action. But a further close above 185.00 is needed to turn sentiment positive and extend long-term gains towards the 187.35 historic Fibonacci retracement and the 187.60 high of August 1990.