Published: 2026-06-18T13:08:02.000Z
Chart EUR/JPY Update: Sharp reversal
1
Anticipated tests lower have accelerated in EUR-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.50 | congestion | S1 | 184.00 | * | congestion | ||
| R3 | 186.00 | * | congestion | S2 | 183.50 | congestion | ||
| R2 | 185.50 | break level | S3 | 183.00 | congestion | |||
| R1 | 185.00 | ** | break level | S4 | 182.00 | ** | break level |
Asterisk denotes strength of level
13:55 BST - Anticipated tests lower have accelerated in EUR-driven trade, with prices falling sharply to 184.30, before settling into consolidation around 184.50. Daily readings have turned down and broader weekly charts are negative, pointing to room for further losses in the coming sessions. A close below congestion support at 184.00 will add weight to sentiment and open up further congestion around 183.50. Deeper losses cannot be ruled out. Meanwhile, resistance is lowered to 185.00. A close above here, if seen, would help to stabilise price action and give way to fresh consolidation/range extension around 185.50.