Published: 2025-12-12T01:08:37.000Z
Chart EUR/JPY Update: Extending gains, but stretched
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Pressure remains on the upside as prices extend break above the 182.00 level to test resistance at the 182.60/183.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.50 | * | congestion | S1 | 182.00 | * | Nov high | |
| R3 | 185.50 | * | 23 Aug 1990 high | S2 | 181.50 | * | congestion | |
| R2 | 184.00 | * | congestion | S3 | 180.00 | ** | congestion | |
| R1 | 182.60/00 | * | 21 Aug 1990 low, congestion | S4 | 178.82/00 | ** | Oct highs |
Asterisk denotes strength of level
01:10 GMT - Pressure remains on the upside as prices extend break above the 182.00 level to test resistance at the 182.60/183.00 area. Bullish momentum keep pressure on the upside though the overbought daily and weekly studies caution corrective pullback. Higher still will see room to the 184.00/50 congestion and channel resistance. Meanwhile, support is at the 182.00/181.50 November highs which now underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to retest strong support at the 180.00 level.