Published: 2026-03-11T01:21:23.000Z
Chart EUR/JPY Update: Higher in consolidation
1
Edging higher as prices extend bounce from the 182.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 182.00 | * | congestion | |
| R3 | 186.22 | * | 9 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.78 | ** | 25 Feb high | S3 | 180.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:10 GMT - Edging higher as prices extend bounce from the 182.00 level and channel support from the February 2025 year low towards resistance at the 184.00 level and 184.78 resistance. However, gains are seen limited with channel resistance from the January high at 184.78/185.00 area expected to cap. Break, if seen, will expose the 186.23 and 186.87 February/January highs to retest. Lower high sought to further pressure the downside later and where break of 182.00 level will open up room for retest of the 180.80, February current year low. Below this will extend the broader losses from the January high to retrace rally from the February 2025 low.