Published: 2026-02-25T14:44:56.000Z
Chart EUR/JPY Update: Extending gains
1
Cautious trade has given way to the anticipated break above 184.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 184.00 | * | congestion | |
| R3 | 186.87 | ** | 23 Jan YTD high | S2 | 183.00 | * | break level | |
| R2 | 186.22 | ** | 9 Feb (w) high | S3 | 182.00 | * | congestion | |
| R1 | 185.00 | ** | break level | S4 | 181.00 | ** | congestion |
Asterisk denotes strength of level
14:30 GMT - Cautious trade has given way to the anticipated break above 184.00, with prices reaching 184.75 before settling lower towards 184.50. Daily readings continue to rise, highlighting room for continuation towards resistance at 185.00. But negative weekly charts should limit any break in renewed selling interest beneath the 186.22 weekly high of 9 February. Meanwhile, support is raised to congestion around 184.00. A close back beneath here would stabilise price action and prompt consolidation above 183.00.