Published: 2026-07-09T13:38:30.000Z
Chart EUR/JPY Update: Edging higher
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The anticipated break above 185.50 has given way to consolidation
| 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
14:25 BST - The anticipated break above 185.50 has given way to consolidation, as intraday studies turn mixed/positive, with prices currently balanced around 185.65. Daily stochastics and the daily Tension Indicator continue to rise, suggesting room for continuation towards strong resistance at congestion around 186.00 and the 186.32 monthly high of 16 June. But the bearish weekly Tension Indicator should limit any initial tests in consolidation. Meanwhile, support is raised to 185.50 and extends to 185.00. A close beneath here, not yet seen, will turn sentiment neutral and give way to consolidation within congestion above 184.00.