Published: 2026-08-11T13:32:48.000Z
Chart EUR/JPY Update: Consolidating JPY-driven gains - studies rising
1
Anticipated gains have all-but reached congestion resistance at 184.00 in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979-2000 fall | S1 | 182.50 | ** | congestion | |
| R3 | 186.00 | congestion | S2 | 182.00 | ** | congestion | ||
| R2 | 185.00 | ** | break level | S3 | 180.80 | ** | 12-16 Feb (m) low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | ** | congestion, 23.6% ret |
Asterisk denotes strength of level
14:10 BST - Anticipated gains have all-but reached congestion resistance at 184.00 in JPY-driven trade, with prices currently balanced beneath here as intraday studies turn mixed. Daily stocahstics are rising and the daily Tension Indicator is also turning up, suggesting room for a test above 184.00. But negative weekly charts and deteriorating longer-term readings should limit scope in renewed selling interest beneath 185.00. Meanwhile, support is at 182.50 and extends to 182.00. A later close beneath here would add weight to sentiment and open up a retest of the 180.80 monthly low of 12-16 February.