“EUR/JPY Experiences Intraday Decline – Market Forecast | 06-01-2026”

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The EUR/JPY pair faced strong downward pressure, falling below the bullish channel support at 183.45 and posting intraday losses toward the key support at 182.80, which could serve as a base for a potential rebound toward 183.40.

Price action confined between the support at 182.80 and resistance at 183.60 suggests a neutral outlook until the trend is confirmed by a breakout above or below these levels. A rally above 183.60 would strengthen the case for renewed bullish momentum, targeting 184.40, with a further breakout potentially reaching 184.90 in bullish trading.

Expected trading range for today: 182.80 – 183.60
Trend forecast: Neutral

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