Published: 2026-06-12T13:37:48.000Z
Chart EUR/JPY Update: Choppy in range - limited tests higher
-
The anticipated break below 185.00 has bounced sharply from 184.65
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.00 | * | break level | S1 | 185.00 | ** | break level | |
| R3 | 186.50 | congestion | S2 | 184.60 | congestion | |||
| R2 | 186.00 | * | congestion | S3 | 184.00 | * | congestion | |
| R1 | 185.50 | break level | S4 | 183.50 | * | congestion |
Asterisk denotes strength of level
14:15 BST - The anticipated break below 185.00 has bounced sharply from 184.65, with prices currently balanced in fresh consolidation beneath resistance at 185.50. Daily stochastics are rising, highlighting room for a test above here. But the negative daily Tension Indicator and mixed weekly charts should limit scope in renewed consolidation beneath congestion around 186.00. A close above here, however, would improve price action and extend May gains towards 186.50 - 187.00. Meanwhile, a close below 185.00, if seen, should give way to consolidation above congestion support at 184.00.