Published: 2026-01-29T00:51:03.000Z
Chart EUR/JPY Update: Bearish pennant threatens
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Little change, as prices extend consolidation within a narrowing range above the 181.78, Monday's low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | * | 50% 1997/2000 fall | S1 | 182.65 | * | Jan low | |
| R3 | 186.87 | ** | 23 Jan YTD high | S2 | 182.00 | * | congestion | |
| R2 | 184.92/00 | ** | 2025 year high, congestion | S3 | 181.50 | * | congestion | |
| R1 | 184.00 | * | congestion | S4 | 180.10/00 | ** | Dec low, figure |
Asterisk denotes strength of level
00:45 GMT - Little change, as prices extend consolidation within a narrowing range above the 181.78, Monday's low. The resulting pennant pattern suggest this giving way to break lower to extend losses from the 186.87 high of last week. Lower will see room for deeper pullback within the bullish channel from the February low. Break of the support at 182.00/181.50 congestion will open up room to strong support at 180.10/00, December low and congestion area. Meanwhile, resistance at the 184.00 congestion and extending to 184.92 December 2025 year high are expected to cap.