Signal EURJPY Sell — H1 - July 16, 2026 05:47 GMT-4
On the H1 chart, EURJPY has transitioned from a steady climb around 184.9 to a short‑lived rally near 186.0, then stalled and began to retreat. The bullish surge between 185.0 and 185.5 was backed by strong volume spikes (12k‑11k contracts), confirming the move’s vigor. However, the subsequent candles show a sharp drop in volume (under 2k) as price peaked, indicating fading momentum. Recent bars have traded in a narrow range 185.86‑185.93 with modest activity, while the 185.9‑186.0 zone now acts as a resistance ceiling. A break below the 185.8 low would likely trigger a slide toward the 185.55‑185.60 support band,…