Published: 2026-05-27T07:34:31.000Z
Chart EUR/JPY Update: Pushing higher
1
Cautious trade is giving way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 185.00 | ** | break level | |
| R3 | 187.00 | * | break level | S2 | 184.50 | congestion | ||
| R2 | 186.50 | congestion | S3 | 184.00 | * | congestion | ||
| R1 | 186.00 | * | congestion | S4 | 183.50 | * | congestion |
Asterisk denotes strength of level
08:30 BST - Cautious trade is giving way to anticipated gains, as intraday studies continue to rise, with prices currently trading around 185.55. Daily readings are positive and oversold weekly stochastics are flattening, highlighting room for continuation of May gains towards congestion around 186.00. However, daily stochastics are already overbought and the weekly Tension Indicator is bearish, suggesting any further gains beyond here should be limited in consolidation beneath 187.00. Meanwhile, support is raised to 185.00. A close beneath here would turn sentiment neutral and give way to consolidation above congestion support at 184.00.