Published: 2026-03-16T01:31:45.000Z
Chart EUR/JPY Update: Under pressure, 182.00 at risk
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Consolidating test of channel from the February 2025 low at 182.30
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | * | 9 Feb high | S1 | 182.00 | * | congestion | |
| R3 | 184.78 | ** | 25 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.00 | * | congestion | S3 | 180.00 | ** | congestion | |
| R1 | 183.00 | * | congestion | S4 | 178.80 | * | Oct high |
Asterisk denotes strength of level
01:20 GMT - Consolidating test of channel from the February 2025 low at 182.30. However, pressure remains on the downside and see risk for break here and the 182.00 level to extend the broader losses from the 184.78, 25 February high. Lower will see room for retest of the 181.00 level and 180.80 February current year low. Break of the latter will confirm a top pattern at the 186.87 January high and open up room for deeper pullback to retrace rally from the February 2025 low. Meanwhile, resistance is lowered to the 183.00/184.00 congestion area which is expected to cap.