Chart EUR/JPY Update: Consolidating beneath fresh 2026 year high
The anticipated break higher has posted a fresh 2026 year high around 186.85~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.25 | ** | May 1990 (y) high | S1 | 185.00 | ** | break level | |
| R3 | 187.60 | ** | August 1990 high | S2 | 184.00 | * | congestion | |
| R2 | 187.35 | ** | 50% ret of 1997-2000 fall | S3 | 183.00 | * | break level | |
| R1 | 186.85~ | fresh 2026 (y) high | S4 | 182.00 | * | break level |
Asterisk denotes strength of level
14:15 GMT - The anticipated break higher has posted a fresh 2026 year high around 186.85~, before falling sharply in highly volatile JPY-driven trade to support at 185.00. A fresh bounce from here is currently trading around 185.80. But negative intraday studies and mixed daily readings, alongside bearish weekly charts, are expected to limit any further strength in renewed selling interest beneath 186.85. Following cautious trade, fresh losses are looked for. A close below 185.00 will add weight to sentiment and open up congestion around 184.00. A close below 183.00 is needed to turn sentiment negative and confirm a near-term top in place.