Published: 2026-01-21T01:14:25.000Z
Chart EUR/JPY Update: Extending gains, but stretched
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Further extend gains from the 182.65 support through the 185.00 level to approach the 185.57 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.20 | ** | May 1990 high | S1 | 184.00 | * | congestion | |
| R3 | 187.60 | ** | Aug 1990 high | S2 | 182.65 | ** | 8 Jan low | |
| R2 | 186.00 | * | figure | S3 | 182.00 | * | congestion | |
| R1 | 185.57 | ** | 14 Jan YTD high | S4 | 181.50 | ** | congestion |
Asterisk denotes strength of level
01:10 GMT - Further extend gains from the 182.65 support through the 185.00 level to approach the 185.57 current year high. Break here will further extend gains within the bullish channel from the late-February low and see room to target the 186.00 figure. Beyond this, but out of reach for now, will turn focus to the 187.60/188.20, August/May 1990 highs. Meanwhile, support is raised to the 184.00 congestion then the 182.65 low. Only below the latter will fade the upside pressure and open up room for pullback to retrace gains from the February low.