Published: 2026-08-12T13:42:37.000Z
Chart EUR/JPY Update: Leaning lower in JPY-driven trade
1
Cautious trade beneath congestion resistance at 184.00 is giving way to a pullback in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 182.50 | ** | congestion | |
| R3 | 186.00 | congestion | S2 | 182.00 | ** | congestion | ||
| R2 | 185.00 | ** | break level | S3 | 180.80 | ** | 12-16 Feb (m) low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion, 23.6% ret |
Asterisk denotes strength of level
14:10 BST - Cautious trade beneath congestion resistance at 184.00 is giving way to a pullback in JPY-driven trade, with prices currently trading around 183.60. Intraday studies are falling, highlighting potential for continuation down to congestion support at 182.50. But positive daily readings should limit any immediate break in consolidation above 182.00, before negative weekly charts prompt a deeper retracement. Meanwhile, any tests above 184.00 should be limited in renewed selling interest/consolidation beneath resistance at 185.00.