Published: 2026-03-20T01:20:50.000Z
Chart EUR/JPY Update: Sideways within the 184.00/182.00 range
-
Extend choppy trade within the 184.00/182.00 range area as prices consolidate recent pullback from the 184.78, 25 February high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | ** | 23 Jan YTD high | S1 | 182.00 | * | congestion | |
| R3 | 186.00/22 | * | congestion, 9 Feb high | S2 | 180.80 | ** | 12 Feb YTD low | |
| R2 | 184.78 | ** | 25 Feb high | S3 | 180.00 | ** | congestion | |
| R1 | 184.00 | * | congestion | S4 | 178.80 | * | Oct high |
Asterisk denotes strength of level
01:15 GMT - Extend choppy trade within the 184.00/182.00 range area as prices consolidate recent pullback from the 184.78, 25 February high. Would take break of the 182.00 level to return focus to the 180.80 February current year low. Break of the latter will confirm a top pattern in place at the 186.87 January high and open up room for deeper pullback to retrace gains from the February 2025 year low. Meanwhile, resistance at the 184.00 congestion is expected to cap. Clearance here will ease the downside pressure and clear the way for retest of 184.78 resistance.