Published: 2026-07-31T13:42:57.000Z
Chart EUR/JPY Update: Choppy trade - studies remain under pressure
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Choppy trade following volatile JPY-driven losses is giving way to fresh tests lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | ** | congestion | S1 | 182.50 | ** | congestion | |
| R3 | 185.50 | break level | S2 | 181.87 | * | 16 Mar (m) low | ||
| R2 | 185.00 | ** | break level | S3 | 180.80 | ** | 12-16 Feb YTD low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion |
Asterisk denotes strength of level
14:35 BST - Choppy trade following volatile JPY-driven losses is giving way to fresh tests lower, with prices currently pressuring congestion support at 182.50. Both daily and weekly studies are under pressure, highlighting a bearish tone and room for still deeper losses in the coming sessions. A close beneath here will add weight to sentiment and extend losses towards critical multi-month support at the 180.80 current year low from 12-16 February. Meanwhile, a close above congestion resistance at 184.00, if seen, would help to stabilise price action and prompt consolidation beneath 185.00.