Published: 2026-06-24T13:41:43.000Z
Chart EUR/JPY Update: Under pressure
1
Pressure on 184.00 has given way to a sharp break lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 185.50 | break level | S1 | 183.00 | congestion | |||
| R3 | 185.00 | ** | break level | S2 | 182.00 | ** | break level | |
| R2 | 184.00 | * | congestion | S3 | 181.50 | congestion | ||
| R1 | 183.50 | congestion | S4 | 180.80 | ** | 12 Feb YTD low |
Asterisk denotes strength of level
14:20 BST - Pressure on 184.00 has given way to a sharp break lower, with renewed selling interest extending mid-June losses to 183.15, before settling into consolidation around 183.35. Daily readings are under pressure and broader weekly charts are also negative, highlighting room for a later break below 183.00 towards stronger support at 182.00. Already oversold daily stochastics, however, could limit any initial tests in short-covering/consolidation. Meanwhile, resistance is lowered to congestion around 183.50. But a close above 184.00 would help to stabilise sentiment and prompt fresh consolidation in congestion beneath 185.00.