Published: 2026-06-12T01:17:55.000Z
Chart EUR/JPY Update: Extend consolidation
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Little change, as prices extend consolidation around the 185.00 level following bounce from 184.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.65 | 11 Jun low | ||
| R3 | 186.87 | * | Jan high | S2 | 184.00 | ** | congestion, 8 Jun low | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 183.70 | * | congestion | |
| R1 | 185.50 | * | congestion | S4 | 183.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Little change, as prices extend consolidation around the 185.00 level following bounce from 184.00 low. Would take break above 185.50 congestion to clear the way for retest of strong resistance at the 186.00/23 area which is expected to cap. Daily and weekly studies have turned mixed and suggest gains giving way to renewed selling pressure later. Meanwhile, support is raised to the 184.65 low ahead of the 184.00/183.70 congestion area. Would take break here to turn focus to the downside for retest of 183.00 congestion then the 182.00 May low.
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I,PakLai Ng, the Technical Analyst declare that the views expressed herein are mine and are clear, fair and not misleading at the time of publication. They have not been influenced by any relationship, either a personal relationship of mine or a relationship of the firm, to any entity described or referred to herein nor to any client of Continuum Economics nor has any inducement been received in relation to those views. I further declare that in the preparation and publication of this report I have at all times followed all relevant Continuum Economics compliance protocols including those reasonably seeking to prevent the receipt or misuse of material non-public information.
I,PakLai Ng, the Technical Analyst declare that the views expressed herein are mine and are clear, fair and not misleading at the time of publication. They have not been influenced by any relationship, either a personal relationship of mine or a relationship of the firm, to any entity described or referred to herein nor to any client of Continuum Economics nor has any inducement been received in relation to those views. I further declare that in the preparation and publication of this report I have at all times followed all relevant Continuum Economics compliance protocols including those reasonably seeking to prevent the receipt or misuse of material non-public information.