Published: 2026-08-20T13:20:14.000Z
Chart EUR/JPY Update: Extending August gains
1
Cautious trade has given way to a break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.20 | ** | May 1990 (y) high | S1 | 185.00 | ** | break level | |
| R3 | 187.95 | ** | 17 Apr YTD high | S2 | 184.00 | * | congestion | |
| R2 | 187.35 | ** | 50% ret of 1979-2000 fall | S3 | 183.15 | * | 12 Aug low | |
| R1 | 186.00 | * | congestion | S4 | 182.50 | ** | congestion |
Asterisk denotes strength of level
14:10 BST - Cautious trade has given way to a break higher, as intraday studies improve, with August gains currently balanced around 185.40. Daily readings are positive and broader weekly charts are improving, suggesting room for continuation towards congestion resistance at 186.00. However, already overbought daily stochastics should limit any immediate continuation beyond here in profit-taking/consolidation beneath the 187.35 multi-year Fibonacci retracement.
Meanwhile, support is raised to 185.00. A close back beneath here would help to stabilise sentiment and prompt consolidation above congestion support at 184.00.