Published: 2026-05-07T01:22:35.000Z
Chart EUR/JPY Update: Choppy trade below 185.00
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Rejection from the 185.00 level has seen spike to retest support at the 182.50/182.00 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | * | Jan high | S1 | 183.00 | * | congestion | |
| R3 | 186.00/23 | ** | congestion, 20 Apr low | S2 | 182.00 | ** | Nov high, congestion | |
| R2 | 185.00 | * | congestion | S3 | 180.80 | ** | 12 Feb YTD low | |
| R1 | 184.00 | congestion | S4 | 180.00 | ** | figure |
Asterisk denotes strength of level
01:15 GMT - Rejection from the 185.00 level has seen spike to retest support at the 182.50/182.00 congestion area. Prices has since turned back to consolidate above the 183.00 level but choppy trade is expected to give way to renewed selling pressure later to extend losses from the 187.95 April current year high. Below the 182.00 level will turn focus to the 180.80, 12 February current year low. Meanwhile, resistance is lowered to the 184.00 congestion which should cap and sustain rejection from the 185.00 consolidation high.