Published: 2026-04-09T13:28:09.000Z
Chart EUR/JPY Update: Extending gains
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Consolidation above support at 185.00 has given way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 185.00 | ** | break level | |
| R3 | 187.00 | figure | S2 | 184.00 | * | congestion | ||
| R2 | 186.87 | ** | 23 Jan YTD high | S3 | 183.00 | * | break level | |
| R1 | 186.22 | ** | 9 Feb (m) high | S4 | 182.00 | * | congestion |
Asterisk denotes strength of level
14:15 BST - Consolidation above support at 185.00 has given way to further gains, as intraday studies turn higher, with prices currently trading around 185.80. Daily readings are rising and broader weekly charts are also showing improvement, suggesting room for further strength in the coming sessions. Focus is on the 186.22 monthly high of 9 February. But already overbought daily stochastics should limit initial break in consolidation beneath the 186.87 current year high of 23 January. Meanwhile, a close back below 185.00, if seen, will turn sentiment neutral and prompt consolidation above congestion support at 184.00.