Intraday bias in EUR/JPY remains mildly on the downside despite current recovery. Decline from 186.00 is seen as another falling leg of the corrective pattern from 187.93. Deeper fall wold be seen to 179.34 support next. On the upside, above 182.56 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.
