Published: 2026-08-17T13:16:17.000Z
Chart EUR/JPY Update: Extending gains in EUR-driven trade
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Cautious trade has given way to a push higher in EUR-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.00 | * | congestion | |
| R3 | 187.35 | ** | 50% ret of 1979-2000 fall | S2 | 183.15 | * | 12 Aug low | |
| R2 | 186.00 | congestion | S3 | 182.50 | ** | congestion | ||
| R1 | 185.00 | ** | break level | S4 | 182.00 | ** | congestion |
Asterisk denotes strength of level
13:50 BST - Cautious trade has given way to a push higher in EUR-driven trade, with the break above 184.00 currently trading around 184.70. Rising intraday studies and positive daily readings highlight room for continuation of August gains towards 185.00. But mixed weekly charts should limit any immediate break in selling interest/consolidation beneath the 187.35 Fibonacci retracement.
Meanwhile, support is raised to congestion around 184.00. Any immediate tests beneath here should be limited in consolidation above the 183.15 low of 12 August.