Published: 2026-08-11T01:18:39.000Z
Chart EUR/JPY Update: Consolidating, but room for higher
1
Keeping just below the 184.00 level as prices consolidate strong gains last week from the 180.80 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.00 | * | congestion | S1 | 183.17/00 | * | Jun low, congestion | |
| R3 | 184.92/00 | ** | Dec high, congestion | S2 | 182.00 | * | congestion, May low | |
| R2 | 184.35 | * | 61.8% Jul/Aug fall | S3 | 180.80 | ** | Feb low | |
| R1 | 184.00 | * | congestion | S4 | 180.00 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Keeping just below the 184.00 level as prices consolidate strong gains last week from the 180.80 support. Daily studies are still tracking higher from oversold areas and suggest scope for break above 184.00 to open up room to the 184.35, 61.8% Fibonacci level. Higher still, will see scope to retest 184.92 December high and 185.00 level. Corrective gains are expected to give way to renewed selling pressure later with support starting at 183.17/00 area. Below this will see scope for retest of support at the 182.00/180.80, May and February lows.