Published: 2026-06-10T13:50:40.000Z
Chart EUR/JPY Update: Extending gains
1
Cautious trade is giving way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.00 | * | break level | S1 | 185.00 | ** | break level | |
| R3 | 186.50 | congestion | S2 | 184.60 | congestion | |||
| R2 | 186.00 | * | congestion | S3 | 184.00 | * | congestion | |
| R1 | 185.40 | break level | S4 | 183.50 | * | congestion |
Asterisk denotes strength of level
14:40 BST - Cautious trade is giving way to further gains, with prices currently trading just above resistance at 185.40. Rising intraday studies and a tick higher in oversold daily stochastics highlight room for continuation towards congestion resistance at 186.00. But the negative daily Tension Indicator should limit any initial tests in renewed consolidation. A close above here, however, will improve price action and extend early-May gains towards 186.50. Following cautious/corrective trade, fresh losses are looked for. Support remains at 185.00. A close beneath here will open up 184.00, where mixed weekly charts should prompt fresh consolidation.