Published: 2026-01-28T01:05:55.000Z
Chart EUR/JPY Update: Extend consolidation above 182.00
1
Higher in choppy trade following bounce from the 182.00/181.50 support
| 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
01:00 GMT - Higher in choppy trade following bounce from the 182.00/181.50 support as prices consolidate sharp pullback from the 186.87 high. However, daily and weekly studies are tracking lower and suggest consolidation above 182.65 support giving way to fresh selling pressure later and see deeper pullback within the bullish channel from the February low. Break of the 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.