Published: 2026-07-22T13:09:58.000Z
Chart EUR/JPY Update: Pressuring resistance
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Cautious trade is giving way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 185.50 | break level | ||
| R3 | 187.00 | * | congestion | S2 | 185.00 | ** | break level | |
| R2 | 186.32 | ** | 16 Jun (m) high | S3 | 184.00 | * | congestion | |
| R1 | 186.00 | ** | congestion | S4 | 183.50 | congestion |
Asterisk denotes strength of level
14:00 BST - Cautious trade is giving way to a push higher, with prices currently pressuring resistance within congestion around 186.00 and the 186.32 monthly high of 16 June. Intraday studies are mixed, suggesting room for further consolidation, before improving daily readings and rising weekly charts prompt further gains. A close above 186.32 will improve sentiment and extend May gains initially towards congestion around 187.00. Meanwhile, support remains at 185.50. Any tests beneath here should give way to consolidation above 185.00.