Published: 2026-07-07T01:25:30.000Z
Chart EUR/JPY Update: Extend June choppy trade
-
Consolidation above the 184.00 level has given way to gains above the 185.00 level to retest the 185.50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.30 | ** | 16 Jun high | S1 | 185.00 | * | congestion | |
| R3 | 186.00 | * | congestion | S2 | 184.00 | * | congestion | |
| R2 | 185.85 | ** | 30 Jun high | S3 | 183.17/00 | ** | Jun low, congestion | |
| R1 | 185.50 | * | congestion | S4 | 182.00 | ** | congestion, May low |
Asterisk denotes strength of level
01:15 GMT - Consolidation above the 184.00 level has given way to gains above the 185.00 level to retest the 185.50 congestion. Break here will expose the 185.85 high of last week and the strong resistance at the 186.00/186.30 area to retest. However, the latter is expected to cap and give way to renewed selling pressure later to retest support at the 185.00/184.00 congestion area. Break here will turn focus to the 183.17 June low. Below this and the trendline from the February low will turn focus to the 182.00 and 180.80, the May and February current year lows.