Published: 2026-03-11T14:29:01.000Z
Chart EUR/JPY Update: Edging higher
2
The anticipated test of congestion resistance at 184.00 is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.22 | ** | 9 Feb (m) high | S1 | 183.00 | * | break level | |
| R3 | 185.00 | ** | break level | S2 | 182.00 | * | congestion | |
| R2 | 184.75~ | 25 Feb (w) high | S3 | 180.80/00 | ** | 12 Feb YTD low; cong | ||
| R1 | 184.00 | * | congestion | S4 | 180.30 | ** | 38.2% ret of Jul-Jan rally |
Asterisk denotes strength of level
14:15 GMT - The anticipated test of congestion resistance at 184.00 is giving way to consolidation, as overbought intraday studies unwind, with prices currently balanced around 183.80. Daily studies are rising, suggesting room for a test above here. But negative weekly charts should limit any break in renewed selling interest/consolidation beneath the 184.75~ weekly high of 25 February. Meanwhile, support remains at the 183.00 break level. Any initial tests beneath here should give way to fresh consolidation above congestion support at 182.00.