Published: 2026-05-21T01:16:17.000Z
Chart EUR/JPY Update: Lower in consolidation from 185.45 high
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Settled back in consolidation below the 185.00 level from the 185.45/20 recent highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.55/95 | ** | 30, 17 Apr YTD highs | S1 | 184.00 | * | congestion | |
| R3 | 186.87 | * | Jan high | S2 | 183.50 | * | congestion | |
| R2 | 186.00/23 | ** | congestion, 20 Apr low | S3 | 183.00 | * | congestion | |
| R1 | 185.45 | ** | 12 May high | S4 | 182.00 | ** | Nov high, congestion |
Asterisk denotes strength of level
01:10 GMT - Settled back in consolidation below the 185.00 level from the 185.45/20 recent highs. Daily studies have turned mixed and suggest the ranging action to extend within the 185.00/184.00 area. Would take break of the 184.00 congestion to see deeper pullback to the 183.50/183.00 congestion area. Break of the latter will return focus to the downside for retest of the 182.00 low of 6 May and see scope to extend losses from the 187.95 April YTD high. Meanwhile, resistance remains at the 185.45. Clearance will see room to strong resistance at the 186.00/23 area.