Chart EUR/JPY Update: Limited gains from fresh 2026 year low
The anticipated break below the 181.78 monthly low of 26 January has posted a fresh 2026 year low around 180.85
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.00 | ** | break level | S1 | 181.78 | ** | 26 Jan (m) low | |
| R3 | 184.00 | * | congestion | S2 | 181.00 | ** | congestion | |
| R2 | 183.00 | * | break level | S3 | 180.85 | current YTD low | ||
| R1 | 182.50 | * | break level | S4 | 180.30 | * | 38.2% ret of Jul-Jan rally |
Asterisk denotes strength of level
12:30 GMT - The anticipated break below the 181.78 monthly low of 26 January has posted a fresh 2026 year low around 180.85, before bouncing sharply to currently trade around 182.40. Rising intraday studies highlight potential for a test above resistance at 182.50 towards 183.00. But negative daily readings and falling weekly charts should prompt renewed selling interest towards here. A close above here, however, would help to stabilise price action and prompt consolidation beneath congestion around 184.00. Following cautious/corrective trade, fresh losses are looked for. A close below 181.78 will add weight to sentiment and extend January losses towards the 180.30 Fibonacci retracement.