EUR/JPY is trading around 184.50, attempting a modest recovery after two consecutive losing sessions. Despite the rebound, the pair maintains a bearish short-term outlook as price remains below the session's VWAP and key Exponential Moving Averages (EMAs), indicating that sellers continue to dominate.
The 14-period Relative Strength Index (RSI) is hovering near 46, reflecting weakening bullish momentum and suggesting that buying pressure remains limited.

🔴 Resistance Levels
184.64 – 9-period EMA
184.91 – 50-period EMA
185.50 – Immediate resistance
185.90 – Upper boundary of the symmetrical triangle
187.95 – All-time high (bullish breakout target)
A sustained break above 185.90 would confirm a bullish breakout from the consolidation pattern and could trigger a rally toward the record high near 187.95.

🟢 Support Levels
183.50 – Lower boundary of the symmetrical triangle
181.87 – Four-month low
180.81 – Six-month low
Failure to hold above 183.50 would strengthen the bearish outlook and expose the pair to deeper losses toward 181.87 and 180.81.

📈 Market Outlook
EUR/JPY continues to trade inside a symmetrical triangle, signaling a period of consolidation as buyers and sellers battle for control. Until price breaks decisively out of this range, traders should expect choppy price action.

Trading Bias: Bearish below 185.50 📉
A breakout above 185.90 would invalidate the short-term bearish outlook and shift momentum in favor of buyers.

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