Published: 2026-06-11T01:21:41.000Z
Chart EUR/JPY Update: Higher in consolidation
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Bounce from 184.00 to regain the 185.00 level has seen extension to 185.50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 185.00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 184.00 | ** | congestion, 8 Jun low | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 183.70 | * | congestion | |
| R1 | 185.50 | * | congestion | S4 | 183.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Bounce from 184.00 to regain the 185.00 level has seen extension to 185.50 congestion. Above here will see room for retest of strong resistance at the 186.00/23 area which is expected to cap. Daily and weekly studies have turned mixed and suggest gains giving way to renewed selling pressure later. Meanwhile, support is raised to the 185.00 level. Break here will return focus to the downside for retest of 184.00 low and 183.70 congestion. Below these will return focus to the 183.00 congestion then the 182.00 May low.