Published: 2026-03-12T01:30:03.000Z
Chart EUR/JPY Update: Consolidating test of 184.00
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Settling back from test of the 184.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 183.00 | * | congestion | |
| R3 | 186.22 | * | 9 Feb high | S2 | 182.00 | * | congestion | |
| R2 | 184.78 | ** | 25 Feb high | S3 | 180.80 | ** | 12 Feb YTD low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion |
Asterisk denotes strength of level
01:20 GMT - Settling back from test of the 184.00 level as prices unwind overbought intraday studies. Gains beyond this, if seen, should see strong resistance at the 184.78/185.00 area expected to cap. Lower high sought to further pressure the downside later to retest support at the 182.00 level. Below here will open up room for retest of the 180.80 February current year low. Break of the latter will confirm a top pattern at the January high and see room for deeper pullback to retrace rally from the February 2025 low.