Published: 2026-07-16T01:02:46.000Z
Chart EUR/JPY Update: Higher in choppy trade to pressure 186.00/30
1
Choppy trade to break resistance at the 185.50/185.85 area has seen extension to reach the 186.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 185.00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 184.00 | * | congestion | |
| R2 | 186.30 | ** | Jun high | S3 | 183.17/00 | ** | Jun low, congestion | |
| R1 | 186.00 | * | congestion | S4 | 182.00 | ** | congestion, May low |
Asterisk denotes strength of level
00:50 GMT - Choppy trade to break resistance at the 185.50/185.85 area has seen extension to reach the 186.00 level. Above here will expose strong resistance at the 186.30 June high to retest. Would expect reaction here but positive daily and weekly studies suggest potential for break later. Clearance will return focus to the 187.55/187.95 April highs. Meanwhile, support is raised to the 185.00/184.00 congestion area which is expected to underpin. Would take break here to ease the upside pressure and expose the 183.17/00 low and congestion area to retest.