Published: 2026-09-03T13:50:51.000Z
Chart EUR/JPY Update: Sharply lower in JPY-driven trade
-
Cautious trade around 184.00 has given way to sharp losses in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | * | congestion | S1 | 181.00 | * | congestion | |
| R3 | 185.00 | ** | break level | S2 | 180.00 | ** | congestion, 23.6% ret | |
| R2 | 184.00 | * | congestion | S3 | 179.35~ | ** | 3 Aug YTD low | |
| R1 | 182.00 | * | break level | S4 | 178.00 | * | congestion |
Asterisk denotes strength of level
14:35 BST - Cautious trade around 184.00 has given way to sharp losses in JPY-driven trade, with prices currently trading around congestion at 181.00. Daily readings are bearish and broader weekly charts are coming under pressure, highlighting room for further losses in the coming sessions. A break below 181.00 will open up strong support at 180.00, with room for continuation down to the 179.35~ current year low of 3 August.
Meanwhile, resistance is lowered to 182.00. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 184.00.