Published: 2026-04-17T01:12:39.000Z
Chart EUR/JPY Update: Extending gains, room to 188.00/20 resistance
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Still pressuring the upside and break above 187.70 high of Wednesday see room for extension to the 188.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 193.00 | * | congestion | S1 | 186.87 | * | Jan high | |
| R3 | 190.00 | * | figure | S2 | 186.00 | ** | congestion | |
| R2 | 188.20 | ** | May 1990 yr high | S3 | 184.77/50 | ** | 25 Feb high, congestion | |
| R1 | 188.00 | figure | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Still pressuring the upside and break above 187.70 high of Wednesday see room for extension to the 188.00 level. Higher will see scope to the nearby resistance at 188.20 May 1990 year high where reaction can be expected as daily studies extend into overbought areas. A later break will see room to the 190.00 figure. Meanwhile, support is at the 186.87 January high which extend to the 186.00 level. Would take break of these to ease the upside pressure and see room for deeper pullback to strong support at the 184.77/184.50, 25 February high and congestion area.