Published: 2026-03-20T14:01:12.000Z
Chart EUR/JPY Update: Choppy in range extension
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Choppy trade around 182.30 has given way to a steady EUR- and JPY-driven bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | ** | 9 Feb (m) high | S1 | 183.00 | * | break level | |
| R3 | 185.00 | ** | break level | S2 | 182.00 | * | congestion | |
| R2 | 184.75~ | 25 Feb (w) high | S3 | 180.80/00 | ** | 12 Feb YTD low; cong | ||
| R1 | 184.00 | * | congestion | S4 | 180.30 | ** | 38.2% ret of Jul-Jan rally |
Asterisk denotes strength of level
13:40 GMT - Choppy trade around 182.30 has given way to a steady EUR- and JPY-driven bounce, with the break back above 183.00 turning sentiment neutral and putting focus back on congestion resistance at 184.00. Daily readings have ticked higher, suggesting room for a test. But negative weekly charts should limit any break in renewed selling interest beneath the 184.75~ weekly high of 25 February. Meanwhile, support remains strong down to congestion around 182.00. But a close below critical support at 180.80/00 is needed to turn sentiment bearish and confirm continuation of late-January losses.