Published: 2026-01-23T01:32:36.000Z
Chart EUR/JPY Update: Extending gains above 186.00
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Break above the 185.57 high has seen follow-through above the 186.00 level to reach fresh year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 190.00 | ** | figure | S1 | 185.00 | * | congestion | |
| R3 | 188.20 | ** | May 1990 high | S2 | 184.00 | * | congestion | |
| R2 | 187.60 | ** | Aug 1990 high | S3 | 182.65 | ** | 8 Jan low | |
| R1 | 187.35 | * | 50% 1997/2000 fall | S4 | 182.00 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Break above the 185.57 high has seen follow-through above the 186.00 level to reach fresh year high. Above the 186.36 intraday high will see room for extension to the 187.00 level then 187.35, 50% Fibonacci level. Daily and weekly studies remains positive but overbought and caution corrective pullback. Meanwhile, support is raised to the 185.00 level which should underpin. Break here will ease the upside pressure and see room for consolidation to support at 184.00 congestion. Lower still, will see room to strong support at 182.65.