Published: 2026-06-23T01:21:58.000Z
Chart EUR/JPY Update: Consolidating, room for lower later
-
Range-bound above the 184.30 low as prices consolidate losses from the 186.30 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.00 | ** | congestion, 8 Jun low | |
| R3 | 186.87 | * | Jan high | S2 | 183.50 | congestion | ||
| R2 | 186.30 | ** | 16 Jun high | S3 | 183.00 | * | congestion | |
| R1 | 185.50 | congestion | S4 | 182.00 | ** | congestion, May low |
Asterisk denotes strength of level
01:15 GMT - Range-bound above the 184.30 low as prices consolidate losses from the 186.30 high of last week. The resulting flag pattern suggest this giving way to renewed selling pressure later to retest 184.00 support. Break here will open up room for deeper pullback to 183.50 congestion but potential will be seen for extension to the 183.00/182.00 congestion and May low. Meanwhile resistance at the 185.50 congestion is expected to cap. Only above here will expose the 186.00 level and 186.30 high to retest.