Published: 2026-09-18T13:29:33.000Z
Chart EUR/JPY Update: Higher in JPY-driven trade
1
Consolidation has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.70 | ** | 50% ret of Jul-Sep fall | S1 | 180.00 | ** | congestion | |
| R3 | 182.00 | * | break level | S2 | 179.50 | range highs | ||
| R2 | 181.55 | ** | 38.2% ret of Jul-Sep fall | S3 | 177.85/00 | * | 9 Sep (w) low; cong | |
| R1 | 181.00 | * | congestion | S4 | 177.50 | * | congestion |
Asterisk denotes strength of level
14:15 BST - Consolidation has given way to anticipated gains, with prices testing above congestion resistance at 181.00 in JPY-driven trade to reach the 181.55 Fibonacci retracement. A pullback is developing from here, as overbought intraday studies unwind. But rising daily stochastics and the positive daily Tension Indicator highlight room for further gains in the coming sessions. A break above 181.55 will help to improve sentiment and open up 182.00. However, negative weekly charts should limit any further gains in profit-taking beneath the 182.70 retracement.
Meanwhile, support is raised to 180.00 and should underpin any immediate setbacks.