Published: 2026-04-08T01:36:16.000Z
Chart EUR/JPY Update: Extending gains
-
Rally through the 184.65/184.77, March and 25 February highs, has seen follow-through above the 185.00 level to reach 185.54 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.60 | * | Aug 1990 high | S1 | 184.00 | * | congestion | |
| R3 | 186.87 | ** | 23 Jan YTD high | S2 | 183.00 | * | congestion | |
| R2 | 186.00/22 | * | congestion, Feb high | S3 | 182.60 | * | 30 Mar low | |
| R1 | 185.54 | intraday high | S4 | 182.00 | ** | congestion |
Asterisk denotes strength of level
01:30 GMT - Rally through the 184.65/184.77, March and 25 February highs, has seen follow-through above the 185.00 level to reach 185.54 high. Consolidation here see prices unwinding overbought intraday studies but positive daily chart keep pressure on the upside and higher will see room to 186.00/22 congestion and February high. Clearance here will return focus to the 186.87, January current year high. Meanwhile, support is raised to the 184.00 congestion which now underpin. Would take break here to open up room for deeper pullback to support at 183.00/182.60 area.