Published: 2026-08-03T01:28:33.000Z
Chart EUR/JPY Update: Extend losses to fresh year low
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Weak start through the 181.35 Friday's low see prices extending the plunge from the 187.47 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 183.17 | ** | Jun low | S1 | 180.00 | * | figure | |
| R3 | 183.00 | * | congestion | S2 | 178.80 | * | Oct high | |
| R2 | 182.00 | ** | congestion, May low | S3 | 178.00 | ** | congestion | |
| R1 | 180.80 | * | Feb low | S4 | 176.00 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Weak start through the 181.35 Friday's low see prices extending the plunge from the 187.47 high. Losses reach fresh year low at 179.36 before turning high in consolidation above the 180.00 level. Bounce see prices unwinding oversold intraday studies but negative daily and weekly keep focus firmly on the downside. Below 187.47 low will see room to support at 178.80/178.00 October highs and congestion area. Meanwhile, resistance is lowered to the 180.80 February low. Gains above here, if seen, will see room for stronger bounce to 182.00 May low, expected to cap corrective bounce.