EUR/JPY Bias Turns Bearish as Downside Break Looms

On June 18, EUR/JPY intraday bias shifted to the downside following a steep decline, reversing the neutral setup seen two days earlier. Traders now watch for a break below 183.95 that would complete the rebound from 182.01 and reopen the path to that support. A move above 185.18 would ease bearish pressure and restore neutral conditions. In the broader picture, the long-term uptrend from the 2020 low at 114.42 remains intact toward 194.88, but a sustained break of the 55-week EMA at 179.23 would signal a medium-term downtrend to 175.41.