Published: 2026-02-25T01:25:56.000Z
Chart EUR/JPY Update: Extend corrective gains
-
Break above the 183.15 high of last week further extend gains from the 180.80 low to reach 184.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 182.00 | * | congestion | |
| R3 | 186.22 | ** | 9 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.92/00 | ** | Dec high, congestion | S3 | 180.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 178.82 | * | Oct high |
Asterisk denotes strength of level
01:20 GMT - Break above the 183.15 high of last week further extend gains from the 180.80 low to reach 184.00. Pressure remains on the upside and clearance here will see scope for retest of strong resistance at the 184.92/185.00 area which is expected to cap and give way to renewed selling pressure later. Lower high sought for pullback later to retest support at the 183.00/182.00 congestion. Below this will return focus to the 180.80 low and where break here will see deeper pullback to retrace rally from the February 2025 year low.