Published: 2026-02-02T01:06:10.000Z
Chart EUR/JPY Update: Extending bounce from 181.78 low
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Consolidation above the 181.78 low of last week has given way to bounce above resistance at the 184.00/10 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | * | 50% 1997/2000 fall | S1 | 182.50 | * | congestion | |
| R3 | 186.87 | ** | 23 Jan YTD high | S2 | 181.78 | * | 26 Jan low | |
| R2 | 184.92/00 | ** | 2025 year high, congestion | S3 | 181.50 | * | congestion | |
| R1 | 184.50 | * | congestion | S4 | 180.10/00 | ** | Dec low, figure |
Asterisk denotes strength of level
01:00 GMT - Consolidation above the 181.78 low of last week has given way to bounce above resistance at the 184.00/10 area. Gains are seen correcting losses from the 186.87 January high and see room to strong resistance at the 184.92/185.00 area which is expected to cap. Break here, if seen, will return focus to the 186.87 high. Meanwhile, support is raised to the 183.00/182.50 congestion area. Would take break here to return focus to the downside for retest of the 181.78 low and see deeper pullback retrace gains from the February 2025 low.