Published: 2026-02-19T14:21:26.000Z
Chart EUR/JPY Update: Further gains to remain limited
1
The test of resistance at 182.50 has extended to 183.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.00 | ** | break level | S1 | 181.00 | ** | congestion | |
| R3 | 184.00 | * | congestion | S2 | 180.80 | * | 12 Feb YTD low | |
| R2 | 183.00 | * | break level | S3 | 180.30 | * | 38.2% ret of Jul-Jan rally | |
| R1 | 182.50 | * | break level | S4 | 180.00 | ** | congestion |
Asterisk denotes strength of level
14:05 GMT - The test of resistance at 182.50 has extended to 183.00, where unwinding overbought intraday studies are prompting renewed selling interest and pullback towards 182.00. A break will open up critical support at the 180.80 current year low of 12 February. But rising daily readings should limit any initial tests in consolidation, before negative weekly charts prompt a break. A close beneath here will turn sentiment negative and extend January losses below the 180.30 Fibonacci retracement, initially to 180.00. Meanwhile, a close above 183.00, if seen, will improve price action and open up a test of congestion around 184.00.