EUR/JPY Supply Watch Around 183.767

Research preview

Opening Read EURJPY is trading near 184.002 with a active, with the first reaction less important than the retest profile; the immediate question is whether price is building acceptance or merely reacting inside the existing range. Price is trading below the daily pivot at 184.478, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 183.767 / 183.496 / 183.290, while the resistance band is 184.208 / 184.401 / 184.582. Daily R1 at 186.849 and S1 at 181.519 define the first tactical range. Internal models have flipped from Sell to Strong Sell for EUR/JPY. The shift puts downside continuation in focus, with price near...