Published: 2026-07-06T13:41:32.000Z
Chart EUR/JPY Update: Higher in JPY-driven trade
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Cautious trade has given way to steady gains in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.00 | * | congestion | S1 | 185.00 | ** | break level | |
| R3 | 186.32 | ** | 16 Jun (m) high | S2 | 184.00 | * | congestion | |
| R2 | 186.00 | ** | congestion | S3 | 183.50 | congestion | ||
| R1 | 185.50 | break level | S4 | 183.00 | ** | congestion |
Asterisk denotes strength of level
14:10 BST - Cautious trade has given way to steady gains in JPY-driven trade, with the break above 185.00 putting focus on resistance at 185.50. Mixed/positive daily readings and flat oversold weekly stochastics highlight room for a test above here. But the bearish weekly Tension Indicator and mixed/negative longer-term charts should limit scope in renewed selling interest towards strong resistance at congestion around 186.00 and the 186.32 monthly high of 16 June. Meanwhile, a close back below 185.00 would help to stabilise price action and prompt consolidation above congestion around 184.00.