EURJPY at All-Time Highs, Testing Key ResistanceEUR/JPYOANDA:EURJPYhusseinderghamEURJPY is trading near its all-time highs, facing a very important resistance level around 174.00, which has been in play since July 2024. At these elevated levels, I believe a big drop is possible if price fails to clear resistance and instead breaks below the rising green trendline. 🔍 Technical Analysis Current price: 172.62. Price continues to respect the ascending trendline (green), which has guided the rally higher. Overhead resistance remains heavy: 172.92 (1H) and 173.93 (daily). If these zones cap price, momentum may fade. 🛡️ Support Zones (if pullback occurs): 🟢 172.00 – Trendline Support A break below here would be the first bearish trigger. Stop-loss: Below 171.80 🔼 Resistance Levels: 🟥 172.92 – 1H Resistance Immediate barrier, already tested multiple times. 🟥 173.93 – Last Daily Resistance (July 2024 High) Major ceiling. If price stays below this level, sellers may step in aggressively. 🧭 Outlook Bullish Case: Clear 173.93 → opens path toward 174.50+ all-time highs. Bearish Case: Rejection at resistance + break of green trendline → sharp correction likely into 171.50 and below. Bias: Bearish if resistance holds and trendline breaks. 🌍 Fundamental Insight The euro remains supported by ECB’s relatively firm stance, but the yen’s weakness has stretched valuations. At current all-time highs, risk-reward may favor downside if risk-off sentiment or BOJ intervention headlines emerge. ✅ Conclusion EURJPY sits at a critical resistance near 174.00. If bulls fail to break through and price loses the green trendline, a large downside move becomes increasingly probable. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial, investment, or trading advice.