The EUR/JPY pair on the M15 timeframe exhibits a clear downtrend with recent price action consolidating below key support levels. The last three candles show a consistent decline, closing at 185.829, 185.775, and 185.756, forming lower highs and lows. Volume has been diminishing during these declines, indicating weakening momentum, but the recent candle closing at 185.756 with a low of 185.756 suggests a potential shift in trend dynamics. The price has tested and failed to hold resistance around 186.13, with a strong bearish bias emerging as it approaches the 185.717 level. The consolidation phase following a rally implies exhaustion of…

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