Published: 2026-05-05T13:14:37.000Z
Chart EUR/JPY Update: JPY-driven gains to remain limited
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Choppy trade around 184.00 has given way to a sharp JPY-driven bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.00 | ** | historic congestion | S1 | 184.00 | * | congestion | |
| R3 | 187.35/60 | ** | 50% ret; Aug 1990 high | S2 | 182.50 | * | congestion | |
| R2 | 186.00 | * | congestion | S3 | 182.00 | ** | congestion | |
| R1 | 185.00 | ** | break level | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
13:55 BST - Choppy trade around 184.00 has given way to a sharp JPY-driven bounce, with prices currently trading around 184.60. Oversold daily stochastics have ticked up, suggesting room for continuation towards resistance at 185.00. But the negative daily Tension Indicator and bearish weekly charts should limit any immediate break in renewed selling interest/consolidation beneath congestion around 186.00. Meanwhile, support is raised to congestion around 184.00. A close beneath here will add weight to sentiment and put focus back on strong support within the 182.00 - 182.50 range.