Forex 2.00
Posted June 11, 2026

EURJPY SHORT

Syam KP

Lead Analyst

Sell
SELL
Entry Price
185.6000

Signal Details

Direction
Sell
Entry Price
185.6000
Risk: Reward
1:1.4

Trade Levels

Stop Loss
186.3000
Take Profit 1
185.2000
Take Profit 2
184.8000

Technical Chart

Market Analysis

EUR/JPY holds the weekly gains ahead of the ECB decision. Although the currency pair rebounded this week, the overall market has not yet reached a consensus on its direction. While heavy overhead supply remains stacked at 186.00/30, capping upside attempts.

Key Indicators

  • Buyers are attempting to extend the rebound, but the recovery is facing selling pressure at the 50-day SMA.

  • Supported by a downward-sloping moving average.

Fundamental Context

EURJPY bounced back to near 185.60. The rebound could also be linked to the market’s anxiety ahead of the key events scheduled for publishing. However, the short-term price movements are currently showing a lack of clear direction.

Risk Alert

Short-term price action shows a rebound from local lows, but upside momentum seems limited. A breakout above 186.00/30 is seen as the critical turning point; otherwise, selling pressure is likely to persist.
Syam KP
Meet Syam KP, a financial markets professional with more than fourteen years of experience in forex, CFDs and capital markets. Since 2012, he has worked with several brokerage firms as a trader and market strategist, developing a practical understanding of how markets move. He also holds a qualification from CISI in the United Kingdom.


At FX Junction, Syam turns complex market information into clear and useful insights. His work combines technical and fundamental analysis, portfolio management, risk management and timely commentary on global developments. Whether markets are calm or moving fast, Syam focuses on what matters most: understanding the bigger picture, spotting meaningful opportunities and keeping risk firmly in view.