Technical Analysis
Posted 2 hours ago
EUR/JPY: Neutral Bias as Price Pivots Around Key 183.95 Support
EUR/JPY pulled back last week after edging higher to 186.30, failing to sustain gains and leaving the pair in a neutral short-term posture. Critical support sits at 183.95, with the recent rebound originating from the 182.01 swing low still intact as long as that floor holds.
Traders should watch for a firm break below 183.95, which would signal the 182.01 rebound has exhausted and open the door to deeper losses. Conversely, a clean break above 186.30 would resume the broader upside move. Bias remains neutral pending a decisive break in either direction.
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