Chart EUR/JPY Update: Consolidating
Turned up from test of support at the 182.00 congestion as prices unwind oversold intraday studies to regain the 183.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 182.00 | * | congestion | |
| R3 | 186.00/22 | * | congestion, 9 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.78 | ** | 25 Feb high | S3 | 180.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 178.80 | * | Oct high |
Asterisk denotes strength of level
01:15 GMT - Turned up from test of support at the 182.00 congestion as prices unwind oversold intraday studies to regain the 183.00 level. Higher will see room for retest of the 184.00 level where gains are expected to give way to fresh selling pressure. A later break of the 182.00 level will extend the broader losses from the 184.78, 25 February high, and see room for retest of the 181.00 level and 180.80 February current year low. Break of the latter will confirm a top pattern at the 186.87 January high and open up room for deeper pullback to retrace rally from the February 2025 low.