Published: 2026-01-16T14:43:36.000Z
Chart EUR/JPY Update: Under pressure
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The anticipated drift lower has broken below 184.00 to reach 183.45
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | * | figure | S1 | 183.00 | * | break level | |
| R3 | 185.55~ | 14 Jan YTD high | S2 | 182.00 | * | break level | ||
| R2 | 185.00 | * | break level | S3 | 181.55~ | ** | 17 Dec (w) low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion |
Asterisk denotes strength of level
14:20 GMT - The anticipated drift lower has broken below 184.00 to reach 183.45, where short-term consolidation is developing. Daily readings have turned negative, highlighting room for a test of support at 183.00. However, negative weekly charts point to room for still deeper losses, with a break beneath here signalling a near-term top in place and adding weight to sentiment, as focus then turns to the 181.55~ weekly low of 17 December. Meanwhile, a close back above congestion resistance at 184.00 would help to stabilise price action and prompt consolidation beneath 185.00.