Published: 2026-05-08T01:17:49.000Z
Chart EUR/JPY Update: Consolidating around 184.00
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Little change, as prices extend consolidation above 183.50/183.00 congestion area following bounce from the 182.00 spike low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.55/95 | ** | Apr highs | S1 | 183.50/00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 182.00 | ** | Nov high, congestion | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 180.80 | ** | 12 Feb YTD low | |
| R1 | 185.00 | ** | congestion | S4 | 180.00 | ** | figure |
Asterisk denotes strength of level
01:10 GMT - Little change, as prices extend consolidation above 183.50/183.00 congestion area following bounce from the 182.00 spike low. Choppy trade around the 184.00 level is expected to give way to renewed selling pressure later to extend losses from the 187.95 April current year high. Below the 182.00 low will turn focus to the 180.80, 12 February current year low. Meanwhile, resistance remains at the 185.00 midweek high which is expected to cap corrective bounce and sustain losses from the 157.55/157.95 April current year highs.