Published: 2026-08-17T01:05:09.000Z
Chart EUR/JPY Update: Retracing July/August losses
1
Consolidation beneath the 184.00 resistance has given way break to further retrace sharp July/August losses to reach 184.45 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | * | congestion | S1 | 184.00 | * | congestion | |
| R3 | 185.50 | * | congestion | S2 | 183.15/00 | * | Jun low, congestion | |
| R2 | 184.92/00 | ** | Dec high, congestion | S3 | 182.00 | * | congestion, May low | |
| R1 | 184.45 | * | 14 Aug high | S4 | 180.80 | ** | Feb low |
Asterisk denotes strength of level
02:00 GMT - Consolidation beneath the 184.00 resistance has given way break to further retrace sharp July/August losses to reach 184.45 high. Positive daily studies keep pressure on the upside and further gains cannot be ruled out, higher will see scope to retest 184.92 December high and 185.00 level. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the 184.00 level. Would take break here to open up room back to support at the 183.15/00 area. Below here will return focus to the 182.00/180.80, May and February lows.