Published: 2026-05-05T01:02:29.000Z
Chart EUR/JPY Update: Range-bound in consolidation
1
Range-bound above support at the 182.50/182.00 congestion area as prices consolidate sharp losses from 187.55, 30 April high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | * | Jan high | S1 | 183.50 | * | congestion | |
| R3 | 186.00/23 | ** | congestion, 20 Apr low | S2 | 182.50 | * | congestion | |
| R2 | 185.00 | * | congestion | S3 | 182.00 | ** | Nov high, congestion | |
| R1 | 184.50/75 | ** | congestion, 25 Feb high | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
01:00 GMT - Range-bound above support at the 182.50/182.00 congestion area as prices consolidate sharp losses from 187.55, 30 April high. Reversal from the latter, suggest consolidation to give way to renewed selling pressure later to retest the 182.50/182.00 support. Break here will turn focus to the 180.80, 12 February current year low. Below the latter will see deeper pullback to retrace gains from the February 2025 year low. Meanwhile, resistance at the 184.50/75 congestion and 25 February high is expected to cap corrective bounce.