Published: 2026-08-05T01:06:41.000Z
Chart EUR/JPY Update: Consolidating within 182.00/180.80 range
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Bounce from the 179.35 low has seen prices settling into consolidation above the 180.80 February low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 184.00 | * | congestion | S1 | 180.80 | * | Feb low | |
| R3 | 183.17 | ** | Jun low | S2 | 180.00 | * | congestion | |
| R2 | 183.00 | * | congestion | S3 | 179.35 | ** | 3 Aug YTD low | |
| R1 | 182.00 | ** | congestion, May low | S4 | 178.80 | * | Oct high |
Asterisk denotes strength of level
01:00 GMT - Bounce from the 179.35 low has seen prices settling into consolidation above the 180.80 February low to unwind oversold intraday and daily studies and retest resistance at the 182.00, May low. Break here will open up room for stronger correction to resistance at the 183.17, June low. Corrective gains are expected to give way to renewed selling pressure later later to retest 180.00 level and 179.35 low. Lower will see room for extension to support at 178.80/178.00, October highs and congestion area.