Published: 2026-03-19T14:59:47.000Z
Chart EUR/JPY Update: Under pressure
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Cautious trade has given way to a sharp break lower in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.00 | ** | break level | S1 | 182.00 | * | congestion | |
| R3 | 184.75~ | 25 Feb (w) high | S2 | 180.80/00 | ** | 12 Feb YTD low; cong | ||
| R2 | 184.00 | * | congestion | S3 | 180.30 | ** | 38.2% ret of Jul-Jan rally | |
| R1 | 183.00 | * | break level | S4 | 180.00 | ** | break level |
Asterisk denotes strength of level
14:15 GMT - Cautious trade has given way to a sharp break lower in JPY-driven trade, with prices currently balanced around 182.30 following a test of congestion support at 182.00. Daily readings have turned down and broader weekly charts are bearish, highlighting room for still deeper losses in the coming sessions. A break beneath here will open up critical support at 180.80/00. A further close beneath here will confirm continuation of late-January losses. Meanwhile, a close back above resistance at 183.00 will help to stabilise price action and prompt consolidation beneath congestion around 184.00.