Published: 2026-07-24T01:34:19.000Z
Chart EUR/JPY Update: Extending May gains
1
Break above resisatance at the 186.00/30 area see prices extending choppy gains from the 182.00 May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.20 | ** | May 1990 yr high | S1 | 186.00 | * | congestion | |
| R3 | 187.95 | ** | 17 Apr YTD high | S2 | 185.35 | * | 20 Jul low | |
| R2 | 187.55 | * | 30 Apr high | S3 | 185.00 | * | congestion | |
| R1 | 186.87 | * | Jan high | S4 | 184.30/00 | ** | 13 Jul low, congestion |
Asterisk denotes strength of level
01:30 GMT - Break above resisatance at the 186.00/30 area see prices extending choppy gains from the 182.00 May low. Positive daily and weekly studies keep pressure on the upside and suggest room to target 186.87 January high next. Clearance here and the 187.00 level, if seen, will turn focus to the April highs at 187.55 and 187.95. Deep overbought daily studies suggest reaction here likely. Meanwhile, support is raised to the 186.00 level. Would take break here to ease the upside pressure and see room for pullback to support at 185.35/185.00 area.