Published: 2026-06-25T13:28:09.000Z
Chart EUR/JPY Update: Consolidating - studies under pressure
-
Consolidation above the 183.15 low of 24 June has given way to a bounce back above 183.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | ** | congestion | S1 | 183.50 | congestion | ||
| R3 | 185.50 | break level | S2 | 183.00 | * | congestion | ||
| R2 | 185.00 | ** | break level | S3 | 182.00 | ** | break level | |
| R1 | 184.00 | * | congestion | S4 | 181.50 | congestion |
Asterisk denotes strength of level
14:10 BST - Consolidation above the 183.15 low of 24 June has given way to a bounce back above 183.50, with prices currently balanced around 183.85. Rising intraday studies highlight potential for a test above congestion resistance at 184.00. But negative daily readings and bearish weekly charts should limit scope in renewed selling interest beneath resistance at 185.00. Following cautious trade, fresh losses are looked for. However, a close below congestion support at 183.00 is needed to turn sentiment negative and extend recent losses towards strong support at 182.00.