EUR/JPY’s fall continues today and broke 179.34 support. Intraday bias remains on the downside. Current decline is part of the corrective pattern from 187.93. Sustained trading below 179.34 will pave the way to 175.41 key cluster support. On the upside, above 181.94 minor resistance will turn intraday bias neutral first.
In the bigger picture, price actions from 187.93 are likely at least correcting whole up trend from 154.77 (2025 low). Deeper fall could be seen to 175.41 cluster support (2025 high) and 38.2% retracement of 154.77 to 187.93 at 175.26 before completion. For now, risk will stay on the downside as long as 186.00 resistance holds, in case of rebound.
