Published: 2025-12-16T14:26:59.000Z
Chart EUR/JPY Update: Cautious trade - studies under pressure
1
Little change, as prices extend cautious trade beneath critical resistance at 183.00~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 182.00 | * | break level | |
| R3 | 186.00 | * | figure | S2 | 181.00 | ** | congestion | |
| R2 | 185.00 | * | figure | S3 | 180.00 | ** | historic congestion | |
| R1 | 183.00/15 | * | figure; 12 Dec YTD high | S4 | 179.00 | * | break level |
Asterisk denotes strength of level
14:15 GMT - Little change, as prices extend cautious trade beneath critical resistance at 183.00~. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for further losses in the coming sessions. Support remains at the 182.00 break level. A break beneath here will open up congestion around 181.00. But a close below 180.00 is needed to turn sentiment negative and confirm a near-term top in place around 183.00, as renewed selling interest then targets 179.00. Meanwhile, a close above 183.00, if seen, will improve sentiment and extend long-term gains towards 185.00.