EURJPY

EUR/JPY just broke down from its recent range, with a bearish signal as the price slips below 185.50—putting the 200-day moving average at 185.08 directly in the spotlight. This shift raises the odds of a deeper correction, while the risk of a sharp reversal remains on the radar.

Key Indicators

• The currency pair has dropped out of its consolidation zone, closing below the critical Ichimoku cloud and flipping the short-term trend bearish.

• Breakdown below Ichimoku cloud + bearish MACD = short-term downside bias.

Fundamental Context

The next 3 days feature a busy calendar with end-of-month portfolio rebalancing, geopolitical events, and key economic data releases, suggesting continued volatility in the near term.