Published: 2026-06-08T01:20:24.000Z
Chart EUR/JPY Update: Consolidating, room for lower later
-
Gapped lower at the open to reach 184.33 low before turning higher as prices consolidate losses last week from the 186.00/23 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.00 | ** | congestion, 14 May low | |
| R3 | 186.87 | * | Jan high | S2 | 183.70 | * | congestion | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 183.00 | * | congestion | |
| R1 | 185.00/45 | * | congestion, 12 May high | S4 | 182.00 | ** | congestion, May low |
Asterisk denotes strength of level
01:10 GMT - Gapped lower at the open to reach 184.33 low before turning higher as prices consolidate losses last week from the 186.00/23 area. However, pressure remains on the downside and consolidation is expected to give way to fresh selling pressure later to strong support at the 184.00/183.70 area. Below here will return focus to the 182.00 May low. Meanwhile, resistance is lowered to the 185.00/45 congestion and 12 May high which is expected to cap and sustain losses from the 186.00 23 area.