Published: 2026-02-20T01:27:50.000Z
Chart EUR/JPY Update: Limited above the 183.00 level
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Saw extension above the 183.00 level before settling back to consolidate at 182.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | ** | 9 Feb high | S1 | 182.00 | * | congestion | |
| R3 | 184.92/00 | ** | Dec high, congestion | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.00 | * | congestion | S3 | 180.00 | ** | congestion | |
| R1 | 183.00 | * | congestion | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:20 GMT - Saw extension above the 183.00 level before settling back to consolidate at 182.50. Positive daily studies suggest room for stronger gains to retrace losses from the 186.22 high of last week. However, resistance at the 183.00/184.00 congestion area expected to cap and give way to renewed selling pressure later. Meanwhile, support is at the 182.00 level and break here will expose the 180.80 low and channel support to retest. Break here will see room for deeper pullback to retrace rally from the February 2025 year low.