Published: 2026-08-20T01:13:04.000Z
Chart EUR/JPY Update: Pressuring 185.00, scope for break
1
Bounce from support at the 184.00 congestion see pressure returning to the upside to reach strong resistance at 184.92/185.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.30 | ** | Jun high | S1 | 184.00 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 183.15/00 | * | Jun low, congestion | |
| R2 | 185.50 | * | congestion | S3 | 182.00 | * | congestion, May low | |
| R1 | 184.92/00 | ** | Dec high, congestion | S4 | 180.80 | ** | Feb low |
Asterisk denotes strength of level
01:10 GMT - Bounce from support at the 184.00 congestion see pressure returning to the upside to reach strong resistance at 184.92/185.00 area. Bullish gains from the 3 August low at 179.35 suggest scope for break here to open up room to 185.50 congestion then the 186.00/30 congestion and June high. However, deep overbought daily studies caution corrective pullback. Meanwhile, support remains at the 184.00 level. Would take break here to ease the upside pressure and open up room for deeper pullback to support at the 183.15/00 area.