Published: 2026-07-08T01:25:44.000Z
Chart EUR/JPY Update: Higher in choppy trade
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Settled back in consolidation from test of resistance at 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 - Settled back in consolidation from test of resistance at the 185.50 congestion. Would take break here to expose the 185.85 high of last week and the strong resistance at the 186.00/186.30 area to retest. Mixed daily studies suggest the latter expected to cap and give way to renewed selling pressure later and extend choppy trade back to support at the 185.00/184.00 congestion area. Below these will turn focus to the 183.17 June low and the 183.00 level. Below these will turn focus to the critical 182.00 and 180.80, the May and February current year lows.