Published: 2026-08-31T01:22:39.000Z
Chart EUR/JPY Update: Leaning lower in consolidation
2
Extending consolidation below the 186.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.47 | ** | Jul high | S1 | 185.00 | * | congestion | |
| R3 | 187.00 | * | congestion | S2 | 184.00 | * | congestion | |
| R2 | 186.30 | ** | Jun high | S3 | 183.15/00 | ** | Jun low, congestion | |
| R1 | 186.00 | * | congestion | S4 | 182.00 | * | congestion, May low |
Asterisk denotes strength of level
01:15 GMT - Extending consolidation below the 186.00 level. Daily studies have turned lower from overbought readings and suggest this area expected to cap. Pullback see support starting at the 185.00 congestion and break here needed to fade the upside pressure and see room for pullback to correct strong gains from the 179.35 low. Lower will open up room to strong support at 184.00 congestion and extending to 183.15, June low. Would take break above the 186.00/30 resistance to open up room to the 187.00 congestion and the 187.47, July high.