Published: 2026-01-26T01:11:35.000Z
Chart EUR/JPY Update: Room to extend Friday's rejection from 186.87 high
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Weak start see prices extending Friday's rejection from the 186.87 to approach the 183.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | * | 50% 1997/2000 fall | S1 | 182.65 | * | Jan low | |
| R3 | 186.87 | ** | 23 Jan YTD high | S2 | 181.50 | * | congestion | |
| R2 | 184.92/00 | ** | 2025 year high, congestion | S3 | 180.10/00 | ** | Dec low, figure | |
| R1 | 184.00 | * | congestion | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:00 GMT - Weak start see prices extending Friday's rejection from the 186.87 to approach the 183.00 level. Daily and weekly studies have turn down to unwind overbought readings and see room for deeper pullback within the bullish channel from the February low. Lower will see room to retest support at 182.65 January low. Break here will open up room for deeper pullback to support at 181.50 congestion and the strong support at 180.10/00, December low and congestion area. Meanwhile, resistance at the 184.00 congestion and extending to 184.92 December 2025 year high are expected to cap.