Published: 2026-06-01T09:00:33.000Z
Chart EUR/JPY Update: Limited tests higher
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Cautious trade has given way to a test of congestion resistance at 186.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 185.40 | break level | ||
| R3 | 187.00 | * | break level | S2 | 185.00 | ** | break level | |
| R2 | 186.50 | congestion | S3 | 184.50 | congestion | |||
| R1 | 186.00 | * | congestion | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
09:30 BST - Cautious trade has given way to a test of congestion resistance at 186.00, as intraday studies turn higher, The daily Tension Indicator continues to rise and oversold weekly stochastics are unwinding, suggesting room for a test above here. Focus will then turn to further congestion around 186.50. But flat overbought daily stochastics should limit any further gains in consolidation/profit-taking beneath 187.00. Meanwhile, support is at 185.40. A break beneath here, if seen, should be limited in consolidation above 185.00.