EUR/JPY Consolidates Beneath Range ResistanceEuro / Japanese YenFOREXCOM:EURJPYFOREXcomEUR/JPY is trading within a well-defined daily range, with price currently positioned below the 186.30 resistance zone and above support near 183.50. Recent candles show repeated hesitation beneath the upper boundary, suggesting that the market has not yet established enough momentum for a sustained breakout. The moving-average structure remains constructive. Price is holding near the rising 50-day SMA around 185.10 and remains above the 200-day SMA near 183.21. The 50-day average is also positioned above the 200-day average, supporting a moderately bullish medium-term bias despite the sideways price action. Momentum indicators are broadly neutral. MACD remains slightly above the zero line, with the MACD line marginally above the signal line, indicating modest positive momentum rather than a strong trend. RSI is near 52, placing it close to the midpoint and confirming balanced conditions between buyers and sellers. The 186.30 level remains the main resistance reference, while 183.50 forms the lower boundary of the current consolidation. Until price moves decisively beyond either side of this range, EUR/JPY appears neutral in the short term, with a mild bullish undertone supported by the rising moving averages. -MW