Intraday bias in EUR/JPY is turned neutral first with current recovery. On the upside, break of 179.88 minor resistance will suggests short term bottoming, and bring stronger rebound to 55 4H EMA (now at 181.21). On the downside, below 177.82 temporary low will extend the correction from 187.93 towards 175.41 key cluster support.
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.
. On the downside, below 177.82 temporary low will extend the correction from 187.93 towards 175.41 key cluster support.){kind=link}