Published: 2025-12-29T10:43:44.000Z
Chart EUR/JPY Update: Cautious trade - studies under pressure
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Little change, as prices extend cautious trade around 184.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.60 | ** | August 1990 high | S1 | 183.00 | * | break level | |
| R3 | 187.35 | ** | 50% ret of 1979-2000 fall | S2 | 182.00 | * | break level | |
| R2 | 186.00 | * | figure | S3 | 181.00 | ** | congestion | |
| R1 | 185.00 | * | figure | S4 | 180.00 | ** | historic congestion |
Asterisk denotes strength of level
10:30 GMT - Little change, as prices extend cautious trade around 184.00. Intraday studies are turning down and daily readings are under pressure, highlighting room for a break down to support at 183.00. However, broader weekly charts are also deteriorating, pointing to room for still deeper losses. A break below 183.00 will add weight to sentiment and open up support at 182.00. Meanwhile, a close above 185.00 is needed to turn sentiment positive and extend long-term gains towards the 187.35 historic Fibonacci retracement and the 187.60 high of August 1990.