Published: 2026-01-22T01:05:37.000Z
Chart EUR/JPY Update: Consolidating at 185.00
-
Little change, as prices settled back from the 185.57 current year high to consolidate around the 185.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.20 | ** | May 1990 high | S1 | 184.00 | * | congestion | |
| R3 | 187.60 | ** | Aug 1990 high | S2 | 182.65 | ** | 8 Jan low | |
| R2 | 186.00 | * | figure | S3 | 182.00 | * | congestion | |
| R1 | 185.57 | ** | 14 Jan YTD high | S4 | 181.50 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Little change, as prices settled back from the 185.57 current year high to consolidate around the 185.00 level. Postive daily studies suggest scope for break to extend gains within the bullish channel from the late-February low. Higher will see room for extension to the 186.00 figure. Beyond this, but out of reach for now, will turn focus to the 187.60/188.20, August/May 1990 highs. Meanwhile, support is raised to the 184.00 congestion then the 182.65 low. Only below the latter will fade the upside pressure and open up room for pullback to retrace gains from the February low.