Published: 2026-05-13T01:10:54.000Z
Chart EUR/JPY Update: Consolidating, room for higher
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Consolidating at the 185.00 level following pullback from the 185.45 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.55/95 | ** | Apr highs | S1 | 184.00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 183.50 | * | congestion | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 182.00 | ** | Nov high, congestion | |
| R1 | 185.50 | * | congestion | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
01:00 GMT - Consolidating at the 185.00 level following pullback from the 185.45 high. However, further gains not ruled out and higher will see room to the 185.50 congestion then the strong resistance at the 186.00/23 congestion area and 20 April low. The latter is expected to cap and give way to renewed selling pressure later. Break, if seen, will return focus to the 187.55/187.95 highs. Meanwhile, support is at the 184.00/183.50 area. Would take break here to return focus to the downside for retest of the 183.00 congestion and 182.00 low.