Published: 2026-06-04T13:36:30.000Z
Chart EUR/JPY Update: Cautious trade
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Cautious trade around 185.40 has given way to a sharp bounce to congestion resistance at 186.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 185.40 | break level | ||
| R3 | 187.00 | * | break level | S2 | 185.00 | ** | break level | |
| R2 | 186.50 | congestion | S3 | 184.50 | congestion | |||
| R1 | 186.00 | * | congestion | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
14:20 BST - Cautious trade around 185.40 has given way to a sharp bounce to congestion resistance at 186.00, where fresh consolidation is developing. The daily Tension Indicator remains positive, suggesting room for continuation towards further congestion around 186.50. But a pullback in overbought daily stochastics and mixed weekly charts should limit any initial tests in renewed consolidation. Meanwhile, support remains at 185.40. But a close below 185.00 would add weight to sentiment and prompt a deeper pullback towards congestion support at 184.00.