On the EURJPY H4 chart the market has been in a modest uptrend, carving higher highs from the 184.6 area up to the 185.3 zone. The last three bullish candles closed above the prior swing high, confirming momentum. The sudden pull‑back on the candle that opened at 185.309 produced a sharp low at 184.38 and was accompanied by a volume spike of 33,800 contracts. Such an aggressive sell‑off often marks capitulation; the following candle showed very thin volume and a tight range around 184.68, indicating that the down‑move lost steam and buyers are re‑entering. Given the proximity of price to…

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