Published: 2026-01-19T14:21:03.000Z
Chart EUR/JPY Update: Leaning lower in choppy trade
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The anticipated test below 183.00 has bounced smartly from 182.70
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | * | figure | S1 | 183.00 | * | break level | |
| R3 | 185.55~ | 14 Jan YTD high | S2 | 182.00 | * | break level | ||
| R2 | 185.00 | * | break level | S3 | 181.55~ | ** | 17 Dec (w) low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion |
Asterisk denotes strength of level
14:05 GMT - The anticipated test below 183.00 has bounced smartly from 182.70, with prices currently balanced around 183.65. Rising intraday studies highlight potential for a test of congestion resistance at 184.00. But negative daily readings and bearish weekly charts should limit any break in renewed selling interest beneath 185.00. In the coming sessions, lower levels are looked for. A break back below 183.00 will signal a near-term top in place and add weight to sentiment, as focus then turns to the 181.55~ weekly low of 17 December.