Published: 2026-05-18T01:10:25.000Z
Chart EUR/JPY Update: Consolidating within 185.00/184.00 range
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Settled into consolidation within the 185.00/184.00 range following pullback from the 185.45, 12 May high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 186.87 | * | Jan high | S1 | 184.00 | * | congestion | |
| R3 | 186.00/23 | ** | congestion, 20 Apr low | S2 | 183.50 | * | congestion | |
| R2 | 185.45 | ** | 12 May high | S3 | 183.00 | * | congestion | |
| R1 | 185.00 | congestion | S4 | 182.00 | ** | Nov high, congestion |
Asterisk denotes strength of level
01:10 GMT - Settled into consolidation within the 185.00/184.00 range following pullback from the 185.45, 12 May high. Prices are unwinding overbought daily studies and suggest scope for break of the 184.00 level to open up room for deeper pullback to 183.50/183.00 congestion area which should underpin. Break here, if seen, will return focus to the downside for retest of the 182.00 low. Meanwhile, resistance is lowered to the 185.00/185.45 congestion and 12 May high. Clearance here will open up room for extension to strong resistance at the 186.00/23 congestion.