Intraday bias in EUR/JPY remains on the downside at this point. Fall from 187.93 high is still in progress and should target 175.41 key cluster support. On the upside, above 179.88 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.
