Published: 2026-05-12T01:04:00.000Z
Chart EUR/JPY Update: Extend bounce from 182.00 low
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Pressing higher from the 183.50/183.00 congestion area as prices extend 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 | 185.50 | * | congestion | S4 | 180.00 | ** | figure |
Asterisk denotes strength of level
01:00 GMT - Pressing higher from the 183.50/183.00 congestion area as prices extend bounce from the 182.00 spike low last week. Above the 185.00 resistance see room for extension to strong resistance at the 186.00/23 congestion area and 20 April low. The latter is expected to cap and give way to renewed selling pressure later. Break of the 183.50/00 support will return focus to the downside for retest of the 182.00 low and see potential for break to open up room to support at 180.80, 12 February current year low.