Published: 2026-09-08T01:34:24.000Z
Chart EUR/JPY Update: Extending sharp losses
1
Consolidation above the 180.00 level has given way to sharp break lower to extend rejection from the 186.00 August high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | ** | May low | S1 | 178.00 | * | congestion | |
| R3 | 180.80 | ** | Feb low | S2 | 177.00 | * | congestion | |
| R2 | 180.00 | ** | figure, congestion | S3 | 176.00 | * | congestion | |
| R1 | 179.35 | * | Aug low | S4 | 175.40/30 | ** | 2024 yr high, 38.2% |
Asterisk denotes strength of level
01:25 GMT - Consolidation above the 180.00 level has given way to sharp break lower to extend rejection from the 186.00 August high. Break to fresh year low through the 179.35 August low see room for further losses to retrace gains from the February 2025 year low to the 178.00/177.00 congestion area next. Lower still, will see scope to 176.00 then strong support at 175.40/30, being 2024 year high and 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 179.35 low of August and extending to the 180.00 figure. This are now expected to cap and sustain losses from the 186.00 high.