Published: 2026-05-18T13:24:23.000Z
Chart EUR/JPY Update: Higher in range
1
Cautious trade has given way to a minor bounce back to resistance at 185.00
| 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
14:10 BST - Cautious trade has given way to a minor bounce back to resistance at 185.00, where overbought intraday studies are prompting short-term consolidation. Daily readings are showing signs of improvement and oversold weekly stochastics are unwinding, highlighting room for further gains. 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 would turn sentiment negative and open up a test of congestion within 182.00 - 182.50.