Published: 2026-07-29T01:07:50.000Z
Chart EUR/JPY Update: Extending gains
1
Consolidation at the 186.30 June high has given way to break to open up room towards the January high at 186.87
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 186.00 | * | congestion | |
| R3 | 187.55 | * | 30 Apr high | S2 | 185.35 | * | 20 Jul low | |
| R2 | 187.00 | * | congestion | S3 | 185.00 | * | congestion | |
| R1 | 186.87 | * | Jan high | S4 | 184.30/00 | ** | 13 Jul low, congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation at the 186.30 June high has given way to break to open up room towards the January high at 186.87 and the 187.00 congestion. Clearance here will see scope to retest the 30 April high at 187.55 and 187.95 current year high of 17 April. Meanwhile, support at the 186.00 congestion underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to retrace recent choppy gains from the 183.17 June low. Lower will see room for pullbak to support at the 185.35/185.00 area.