Chart EUR/JPY Update: Balanced at fresh 2026 year highs
Cautious trade has given way to a break above the 185.55~ weekly high of 14 January in both EUR- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.60 | ** | August 1990 high | S1 | 185.00 | ** | break level | |
| R3 | 187.35 | ** | 50% ret of 1997-2000 fall | S2 | 184.00 | * | congestion | |
| R2 | 186.00 | * | figure | S3 | 183.00 | * | break level | |
| R1 | 185.55~ | ** | 14 Jan (w) high | S4 | 182.00 | * | break level |
Asterisk denotes strength of level
14:25 GMT - Cautious trade has given way to a break above the 185.55~ weekly high of 14 January in both EUR- and JPY-driven trade, with prices currently trading at fresh 2026 year highs around 185.80~. Daily readings have ticked higher, suggesting room for further strength in the coming sessions. But a close above 185.55~ is needed to turn sentiment positive extend long-term gains towards the 187.35 multi-decade Fibonacci retracement. Deteriorating weekly charts should limit any initial tests in profit-taking/consolidation. Meanwhile, support is raised to 185.00. A close beneath here, if seen, will help to stabilise price action and prompt consolidation above congestion around 184.00.