EURJPY: Bearish Momentum Building — Sell Setup in FocusEUR/JPYOANDA:EURJPYGlobal_Gold_InsightsEURJPY 30-minute chart — trading perspective The chart shows a broader bullish structure, with price generally forming higher highs and higher lows. However, price is currently approaching a major resistance/supply zone around 182.55–182.70, where sellers have previously appeared. The recent sharp sell-off from this area and subsequent recovery suggest that volatility is elevated, so confirmation is important before entering. Bullish scenario The immediate bullish bias remains valid while price holds above the 182.20–182.25 area. A sustained 30-minute close above 182.60–182.70 would be a strong bullish confirmation. If resistance breaks with momentum, the next upside levels to watch are: 182.80 183.00 183.20+ if the breakout develops into a larger continuation move. A safer long setup could come from a breakout followed by a retest of 182.55–182.60 as support. Another bullish opportunity would be a pullback toward 182.20–182.30 followed by a clear bullish reaction. Bearish scenario The 182.55–182.70 region remains the key rejection zone. If price fails to break this resistance and produces bearish rejection, downside pressure could return. A break below 182.20 would weaken the short-term bullish structure and increase the probability of a move toward: 182.00 181.75 181.60–181.50 181.30–181.20 as a deeper support zone. The chart's projected bearish path points toward approximately 181.75 as the first major downside target. A sustained break below 181.60 would suggest that the short-term bullish structure is losing control and could open the way toward 181.40–181.20. Key levels 182.60–182.70: major resistance/supply zone 182.55: important breakout/rejection area 182.30–182.20: immediate short-term support 182.00: psychological and structural support 181.75: primary bearish target shown on the chart 181.60–181.50: important demand/support zone 181.40–181.20: deeper support area Trading perspective The market is currently at a decision point. Buying directly into 182.60–182.70 resistance carries higher rejection risk. From a technical perspective, it is preferable to wait for either a confirmed breakout and retest for a continuation long, or a clear rejection followed by a break of 182.20 for a short setup. The bullish structure remains intact above the key support zones, but the large bearish impulse visible around 182.60 shows that sellers are capable of producing aggressive moves from the resistance area. In simple terms: Bullish: hold 182.20 → break 182.60/182.70 → target 182.80 → 183.00+. Bearish: reject 182.60/182.70 → break 182.20 → target 182.00 → 181.75 → 181.60/181.40. Risk management: avoid treating any level as guaranteed. Wait for candle-close confirmation, preferably combined with momentum/volume, and define the invalidation level before entering the trade.