Published: 2026-05-14T01:09:40.000Z
Chart EUR/JPY Update: Lower in consolidation from 185.45 high
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Settled into consolidation from the 185.45 Tuesday's high as intraday studies unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.55/95 | ** | Apr highs | S1 | 184.00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 183.50 | * | congestion | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 182.00 | ** | Nov high, congestion | |
| R1 | 185.45 | * | 12 May high | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
01:00 GMT - Settled into consolidation from the 185.45 Tuesday's high as intraday studies unwind overbought readings. Pullback see support starting at the 184.00 level and extending to the 183.50 congestion area which should underpin. Break here will return focus to the downside and see scope for retest of the 183.00 congestion and 182.00 low. Meanwhile, resistance is at the 185.45 high. Clearance here, if seen, will open up room for extension to strong resistance at the 186.00/23 congestion area which is expected to cap.