Published: 2026-02-24T01:16:27.000Z
Chart EUR/JPY Update: Range-bound in consolidation
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Lower in range from the 183.15 high of last week to consolidate at the 182.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | ** | 9 Feb high | S1 | 182.00 | * | congestion | |
| R3 | 184.92/00 | ** | Dec high, congestion | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.00 | * | congestion | S3 | 180.00 | ** | congestion | |
| R1 | 183.15 | * | 19 Feb high | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:10 GMT - Lower in range from the 183.15 high of last week to consolidate at the 182.00 level. Consolidation here is expected to give way to break later to focus to the downside for retest of the 180.80 low and channel support. Break here will see deeper pullback to retrace rally from the February 2025 year low and see room to strong support at 180.00 figure. Meanwhile, resistance at the 183.15 high is expected to cap. Break here, if seen, will open up room for stronger corrective bounce to the 184.00 congestion.