FX.co ★ EUR/JPY

Hello Guys.. The market is finally giving me something more interesting than random movement. After spending several sessions under pressure, EURJPY is now trading above the descending trendline that had been controlling price for days. I always pay attention when a trendline breaks and price manages to hold above it instead of immediately falling back below. That doesn't guarantee a rally, but it does tell me buyers are trying to change the short-term structure. The area around 184.00-184.10 is now the first level I want to see protected because it has turned into an important support after the breakout. With the market reopening today, volatility can increase, so I would rather stay patient than chase the first candle. If I decide to enter, I prefer using a very small position size with a tight stop just below the recent support instead of exposing too much capital from the beginning. Looking deeper into the chart, I also notice that price is attempting to recover above the short-term moving average while getting closer to the 200-period moving average. That longer average still acts as dynamic resistance, so I don't expect an easy move higher. RSI has recovered toward the middle zone, showing momentum is improving without reaching overbought conditions. As long as price remains above 184.00, I think buyers still have room to challenge higher levels. The first resistance I will watch is around 184.45, followed by 184.75. If momentum continues, 185.10 becomes a very realistic target, while 185.45 and the previous swing high near 185.70 are the next major objectives before the pair starts testing the recent top. Still, I don't want to ignore the downside because markets rarely move in a straight line. A return to retest 184.00 or even 183.90 would not damage the bullish idea if buyers react quickly. In fact, I often prefer that kind of pullback because it confirms whether the breakout is genuine or not. However, a clear four-hour close below 183.90 would weaken the current setup and could send price toward 183.60 first. Below that, 183.30 becomes the next support where demand may appear again. Losing both levels would tell me the breakout has failed and that sellers are taking back control. One thing I always remind myself is that the best trades usually come after confirmation, not excitement. I don't mind missing the first few pips if it means entering a position with better probability. Right now, I see more reasons to respect the upside than the downside, but only while support continues to hold. Any buying decision should remain disciplined, with a nearby stop-loss and realistic expectations instead of assuming the market must continue highigher My focus stays on 184.00 as the line that separates the bullish and bearish scenarios. Holding above it keeps the path open toward 184.45, 184.75, 185.10, 185.45 and possibly 185.70. If that support fails, I will immediately shift my attention to 183.60 and 183.30 instead of trying to defend a losing idea. Flexibility matters just as much as analysis, especially at the beginning of a new trading week.