Published: 2026-04-30T12:48:54.000Z
Chart EUR/JPY Update: Sharp pullback in JPY-driven trade
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Cautious trade around strong resistance at 187.35/60 has given way to sharp JPY-driven losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35/60 | ** | 50% ret; Aug 1990 high | S1 | 182.50 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 182.00 | ** | congestion | |
| R2 | 185.00 | ** | break level | S3 | 180.80 | ** | 12 Feb YTD low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | break level |
Asterisk denotes strength of level
13:40 BST - Cautious trade around strong resistance at 187.35/60 has given way to sharp JPY-driven losses, with prices spiking down to 182.30 before bouncing sharply to 183.60. Focus is on congestion resistance at 184.00. But negative daily readings and deteriorating weekly charts should limit any immediate break in renewed selling interest beneath 185.00. Following cautious/choppy trade, fresh losses are looked for. Support is at congestion around 182.50 and extends to 182.00. A close beneath here would add weight to sentiment and open up a test of the 180.80 current year low of 12 February.