Published: 2026-01-16T01:43:07.000Z
Chart EUR/JPY Update: Room for lower from 185.57 high
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Leaning lower from the 185.57 fresh multi-year high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.00 | ** | May 1990 year high | S1 | 184.00 | * | congestion | |
| R3 | 186.30 | * | upper channel | S2 | 183.15 | * | 12 Dec high | |
| R2 | 185.57 | ** | 14 Jan YTD high | S3 | 182.65 | ** | 8 Jan low | |
| R1 | 185.50 | * | congestion | S4 | 181.50 | ** | congestion |
Asterisk denotes strength of level
01:30 GMT - Leaning lower from the 185.57 fresh multi-year high as prices unwind overbought daily studies to reach support at the 184.00 congestion. Weekly studies are stretched as well and highlights risk for break here to open up room for deeper pullback within the bullish channel from the late-February low. Lower will see room to strong support at the 183.15/182.65 area. Lower still, will see deeper correction to strong support at 181.50 then the 180.00 figure. Meanwhile, resistance at the 185.00/57 highs are expected to cap.