Published: 2026-04-16T01:03:00.000Z
Chart EUR/JPY Update: Extending gains, but stretched
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Still pressuring the upside with gains reaching fresh multi-year high at 187.70
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 193.00 | * | congestion | S1 | 186.87 | * | Jan high | |
| R3 | 190.00 | * | figure | S2 | 186.00 | ** | congestion | |
| R2 | 188.20 | ** | May 1990 yr high | S3 | 184.77/50 | ** | 25 Feb high, congestion | |
| R1 | 187.70 | * | 15 Apr YTD high | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Still pressuring the upside with gains reaching fresh multi-year high at 187.70. Higher will see scope to the nearby resistance at 188.20, May 1990 year high. Would expect reaction at the latter as bullish momentum slows and daily studies extend into overbought areas. Meanwhile, support is raised to the 186.87 January high. Below here will open up room for corrective pullback to support at the 186.00 level. Lower still will see room to strong support at the 184.77/184.50, 25 February high and congestion area.