Published: 2026-03-04T01:26:00.000Z
Chart EUR/JPY Update: Room for deeper pullback
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Consolidation below strong resistance at the 184.92/185.00 area has met selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 182.00 | * | congestion | |
| R3 | 186.22 | * | 9 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.78 | ** | 25 Feb high | S3 | 180.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:15 GMT - Consolidation below strong resistance at the 184.92/185.00 area has met selling pressure as prices unwind overbought intraday and daily studies. Sharp pullback has seen losses to reach the 182.00 level before turning up to consolidate at the 183.00 level. Negative daily studies suggest this giving way to renewed selling pressure later and break of the 182.00 level will return focus to the 180.80 low. Break here will see further losses to retrace rally from the February 225 year low. Meanwhile resistance is lowered to the 184.00 level which should cap and sustain losses from the 184.77, 25 February high.