Published: 2026-07-08T13:24:27.000Z
Chart EUR/JPY Update: Cautious trade - daily studies rising
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Little change, as prices extend consolidation within the 185.00 - 185.50 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.00 | * | congestion | S1 | 185.00 | ** | break level | |
| R3 | 186.32 | ** | 16 Jun (m) high | S2 | 184.00 | * | congestion | |
| R2 | 186.00 | ** | congestion | S3 | 183.50 | congestion | ||
| R1 | 185.50 | break level | S4 | 183.00 | ** | congestion |
Asterisk denotes strength of level
14:15 BST - Little change, as prices extend consolidation within the 185.00 - 185.50 range. Daily stochastics and the daily Tension Indicator continue to rise, suggesting room for a test above resistance at 185.50. Focus will then turn to 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, any retests below support at 185.00 should give way to consolidation within congestion above 184.00.