Published: 2025-12-23T01:22:51.000Z
Chart EUR/JPY Update: Lower in consolidation from 184.92 fresh year high
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Lower in consolidation from the 184.92 fresh year high and February channel resistance as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.00 | ** | May 1990 year high | S1 | 183.15 | * | 12 Dec high | |
| R3 | 186.00 | * | congestion | S2 | 182.00 | * | Nov high | |
| R2 | 185.00 | * | congestion | S3 | 181.50 | ** | congestion | |
| R1 | 184.92 | ** | 22 Dec YTD high | S4 | 180.00 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Lower in consolidation from the 184.92 fresh year high and February channel resistance as prices unwind overbought intraday studies. Bullish structure suggest consolidation giving way to renewed buying interest later. Higher will see extension to fresh multi-year high at the 185.00/186.00 congestion from August 1990. Meanwhile, support is raised tp 183.15 which should now underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to strong support at the 182.00/181.50 area.