Published: 2026-01-07T01:04:07.000Z
Chart EUR/JPY Update: Consolidating, room for lower later
1
Little change, as prices extend consolidation above the 182.80, Monday's low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.00 | ** | May 1990 year high | S1 | 182.80 | 5 Jan low | ||
| R3 | 186.00 | * | congestion | S2 | 182.00 | * | Nov high | |
| R2 | 184.92/00 | ** | Dec 2025 yr high, congestion | S3 | 181.50 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Little change, as prices extend consolidation above the 182.80, Monday's low. Daily and weekly studies are unwinding overbought readings suggest consolidation giving way to fresh selling pressure later. Lower will see room for deeper corrective pullback within the bullish channel from the February low to strong support starting at the 182.00 level and extending to 181.50 congestion area. Meanwhile, resistance at the 184.00 level is expected to cap and sustain rejection from the 184.92, December 2025 year high.