Published: 2026-05-01T08:35:49.000Z
Chart EUR/JPY Update: Under pressure in heightened volatility
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Choppy trade has posted a fresh test lower in heightened volatility
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35/60 | ** | 50% ret; Aug 1990 high | S1 | 182.50 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 182.00 | ** | congestion | |
| R2 | 185.00 | ** | break level | S3 | 180.80 | ** | 12 Feb YTD low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | break level |
Asterisk denotes strength of level
09:25 BST - Choppy trade has posted a fresh test lower in heightened volatility, with prices reaching 182.65 before boucing sharply to 183.65. Daily readings remain bearish and broader weekly charts are also turning down, highlighting room for fresh losses in the coming sessions. Support remains at congestion around 182.50 and extends to 182.00. A close beneath here would add weight to sentiment and open up a test of the 180.80 current year low of 12 February. Meanwhile, resistance is at congestion around 184.00. A close above here would help to stabilise price action and prompt consolidation beneath 185.00.