Published: 2026-02-24T14:28:31.000Z
Chart EUR/JPY Update: Higher in JPY-driven trade
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Consolidation has given way to a sharp JPY-driven bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 183.00 | * | break level | |
| R3 | 186.22 | ** | 9 Feb (w) high | S2 | 182.00 | * | congestion | |
| R2 | 185.00 | ** | break level | S3 | 181.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
14:15 GMT - Consolidation has given way to a sharp JPY-driven bounce, with prices currently consolidating the test above congestion resistance at 184.00. Intraday studies are positive and daily readings have turned higher, highlighting room for further strength in the coming sessions. A break above 184.00 will open up stronger resistance at 185.00. But negative weekly charts should limit any initial tests in consolidation. Meanwhile, support is raised to 183.00. A close beneath here, if seen, will stabilise price action and prompt consolidation above congestion around 182.00