Published: 2026-02-06T00:51:27.000Z
Chart EUR/JPY Update: Backed off from test of 185.00/55 resistance
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Settled back from 185.50 high as prices unwind overbought intraday studies to trade below the 185.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 184.00 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 183.00 | * | congestion | |
| R2 | 185.55 | * | 14 Jan high | S3 | 182.00 | * | congestion | |
| R1 | 185.00 | * | congestion | S4 | 181.78 | ** | Jan low |
Asterisk denotes strength of level
00:45 GMT - Settled back from 185.50 high as prices unwind overbought intraday studies to trade below the 185.00 level. Daily studies are stretched and caution pullback to support at the 184.00/10 area. Break here will return focus to the downside for retest of the 182.00 congestion and the 181.78, January current year low. Below these will open up room for deeper pullback to retrace rally from the February 2025 low. Meanwhile, resistance at the 185.00/185.55 area now expected to cap. Clearance will return focus to the 186.87 high.