Published: 2026-01-08T14:40:38.000Z
Chart EUR/JPY Update: Consolidating - studies under pressure
1
Still little change, as prices extend pressure on support at 183.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 183.00 | * | break level | |
| R3 | 186.00 | * | figure | S2 | 182.00 | * | break level | |
| R2 | 185.00 | * | figure | S3 | 181.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | historic congestion |
Asterisk denotes strength of level
14:25 GMT - Still little change, as prices extend pressure on support at 183.00. Daily readings are mixed/negative and broader weekly charts are turning down, pointing to room for fresh losses. A break below 183.00 will add weight to sentiment and open up support at 182.00. Continuation beneath here will extend late-December losses towards 180.00. Meanwhile, resistance remains at congestion around 184.00. A close above here would help to stabilise price action. But a further close above 185.00 is needed to turn sentiment positive and extend long-term gains towards the 187.35 historic Fibonacci retracement and the 187.60 high of August 1990.