Published: 2026-07-20T13:30:46.000Z
Chart EUR/JPY Update: Leaning lower
2
Cautious trade is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 185.50 | break level | ||
| R3 | 187.00 | * | congestion | S2 | 185.00 | ** | break level | |
| R2 | 186.32 | ** | 16 Jun (m) high | S3 | 184.00 | * | congestion | |
| R1 | 186.00 | ** | congestion | S4 | 183.50 | congestion |
Asterisk denotes strength of level
14:10 BST - Cautious trade is giving way to a drift lower, as intraday studies turn down, with prices currently testing levels just beneath support at 185.50. Daily stochastics and the daily Tension Indicator are also turning down, highlighting room for a pullback towards support at 185.00. However, rising weekly charts should limit any deeper losses in choppy trade/consolidation above further congestion around 184.00. Meanwhile, resistance is at congestion around 186.00. But a close above the 186.32 monthly high of 16 June is needed to turn sentiment positive and extend May gains initially towards congestion around 187.00.