Published: 2026-05-20T12:52:09.000Z
Chart EUR/JPY Update: Range trade
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Still little change, as prices extend (choppy) trade within the 184.00 - 185.00 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 184.00 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 183.50 | * | congestion | |
| R2 | 185.45 | * | 12 May (w) high | S3 | 183.00 | congestion | ||
| R1 | 185.00 | ** | break level | S4 | 182.50 | * | congestion |
Asterisk denotes strength of level
13:35 BST - Still little change, as prices extend (choppy) trade within the 184.00 - 185.00 range. Daily readings are showing signs of improvement and oversold weekly stochastics are flattening, highlighting room for a move back to resistance at 185.00. However, a break above the 185.45 weekly high of 12 May is needed to improve sentiment and extend May gains towards congestion around 186.00. Meanwhile, support remains at congestion around 184.00 and extends to 183.50. A close beneath here, if seen, would turn sentiment negative and open up a test of congestion within 182.00 - 182.50.