Chart EUR/JPY Update: Balanced above year lows - studies under pressure
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.00 | * | break level | S1 | 177.85/00 | * | 9 Sep YTD low; cong | |
| R3 | 181.00 | * | congestion | S2 | 177.50 | * | congestion | |
| R2 | 180.00 | ** | congestion | S3 | 176.50 | * | congestion | |
| R1 | 179.35~ | ** | 3 Aug (m) low | S4 | 175.30 | ** | 38.2% ret of 2025-2026 rally |
Asterisk denotes strength of level
13:55 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above strong support at the 177.85 current year low of 9 September and congestion around 178.00. Daily readings have turned down and broader weekly charts remain under pressure, highlighting room for further losses in the coming sessions. A later close beneath here will add weight to already bearish price action and extend losses from the 187.95 current year high of 17 April towards further congestion around 176.50.
Meanwhile, resistance is at the 179.35~ monthly low of 3 August and extends to congestion around 180.00. A close above here is needed to help stabilise price action and prompt consolidation beneath further congestion around 181.00.