Published: 2026-08-18T13:28:50.000Z
Chart EUR/JPY Update: Pushing higher
-
Little change, as prices extend cautious trade, albeit slightly higher around 184.80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.95 | ** | 17 Apr YTD high | S1 | 184.00 | * | congestion | |
| R3 | 187.35 | ** | 50% ret of 1979-2000 fall | S2 | 183.15 | * | 12 Aug low | |
| R2 | 186.00 | * | congestion | S3 | 182.50 | ** | congestion | |
| R1 | 185.00 | ** | break level | S4 | 182.00 | ** | congestion |
Asterisk denotes strength of level
14:10 BST - Little change, as prices extend cautious trade, albeit slightly higher around 184.80. Daily stochastics and the daily Tension Indicator continue to rise, highlighting room for continuation of August gains towards 185.00. But mixed weekly charts should limit any immediate break in selling interest/consolidation beneath congestion resistance around 186.00.
Meanwhile, support remains down to congestion around 184.00. Any immediate setbacks should give way to consolidation above here. A break, not yet seen, will add weight to sentiment and open up a test of the 183.15 low of 12 August.