Published: 2026-07-23T13:11:45.000Z
Chart EUR/JPY Update: Room for higher
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Cautious trade has spiked above the 186.32 monthly high of 16 June in JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.35 | ** | 50% ret of 1979 - 2000 fall | S1 | 186.00 | ** | congestion | |
| R3 | 187.00 | * | congestion | S2 | 185.50 | break level | ||
| R2 | 186.65 | intraday high | S3 | 185.00 | ** | break level | ||
| R1 | 186.32 | ** | 16 Jun (m) high | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
14:00 BST - Cautious trade has spiked above the 186.32 monthly high of 16 June in JPY-driven trade, with prices reaching 186.65 before falling sharply to trade around 186.35. Daily readings continue to rise and weekly charts are also improving, highlighting room for further gains in the coming sessions. A close above 186.32 will improve sentiment and extend May gains initially towards congestion around 187.00. Meanwhile, support is raised to congestion around 186.00 and extends to 185.50. This range should underpin any immediate setbacks.