Published: 2026-09-22T13:15:00.000Z
Chart EUR/JPY Update: Choppy trade - daily studies rising
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Cautious trade has given way to a test below congestion support at 180.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 182.70 | ** | 50% ret of Jul-Sep fall | S1 | 180.00 | ** | congestion | |
| R3 | 182.00 | * | break level | S2 | 179.50 | range highs | ||
| R2 | 181.55 | ** | 38.2% ret of Jul-Sep fall | S3 | 177.85/00 | * | 9 Sep (w) low; cong | |
| R1 | 181.00 | * | congestion | S4 | 177.50 | * | congestion |
Asterisk denotes strength of level
14:05 BST - Cautious trade has given way to a test below congestion support at 180.00, with prices reaching 179.75 before bouncing back into consolidation above 180.00. Daily readings continue to rise and oversold weekly stochastics are also turning up, suggesting room for a fresh test higher towards congestion resistance at 181.00. However, the bearish weekly Tension Indicator and deteriorating longer-term charts should limit any break in renewed selling interest beneath the 181.55 Fibonacci retracement.
Meanwhile, a close beneath 180.00, if seen, will turn sentiment neutral and prompt consolidation above the 179.50 range highs.