Published: 2026-03-02T14:06:58.000Z
Chart EUR/JPY Update: Smart bounce from earlier lows
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The break below 184.00 has bounced smartly from 183.50~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 184.00 | * | congestion | |
| R3 | 186.22 | ** | 9 Feb (m) high | S2 | 183.00 | * | break level | |
| R2 | 185.00 | ** | break level | S3 | 182.00 | * | congestion | |
| R1 | 184.75~ | 25 Feb (w) high | S4 | 181.00 | ** | congestion |
Asterisk denotes strength of level
13:55 GMT - The break below 184.00 has bounced smartly from 183.50~, with prices once again trading above congestion support at 184.00. Daily stochastics and the daily Tension Indicator are rising, highlighting room for a test of the 184.75~ weekly high of 25 February. But already overbought daily stochastics and mixed/negative weekly charts should limit any immediate break in renewed selling interest towards 185.00. Meanwhile, support at the 183.00 break level should underpin any immediate tests back below 184.00.