Published: 2026-03-04T14:37:13.000Z
Chart EUR/JPY Update: Choppy trade - studies under pressure
3
Little change, as prices extend choppy trade above support at 183.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | ** | 9 Feb (m) high | S1 | 183.00 | * | break level | |
| R3 | 185.00 | ** | break level | S2 | 182.00 | * | congestion | |
| R2 | 184.75~ | 25 Feb (w) high | S3 | 180.80/00 | ** | 12 Feb YTD low; cong | ||
| R1 | 184.00 | * | congestion | S4 | 180.30 | ** | 38.2% ret of Jul-Jan rally |
Asterisk denotes strength of level
14:30 GMT - Little change, as prices extend choppy trade above support at 183.00. Intraday studies are showing signs of improvement, suggesting room for a test higher. But negative daily readings should limit scope in renewed selling interest beneath congestion around 184.00. In the coming sessions, further losses are looked for. A break below 183.00 will open up congestion support at 182.00. However, already oversold weekly stochastics should limit any initial break beneath here in short-covering/consolidation above critical support at the 180.80 current year low of 12 February and congestion around 181.00.