EURJPY D1 Euro vs. Japanese YenFX:EURJPYWinlouhStructure: After a sharp August selloff down to 179.5 (a large single-day drop), EURJPY has recovered steadily back to 185.68, now approaching a well-established resistance zone at 186.5–188.0 — a range that's rejected price multiple times since April. Mapped scenario: Price is expected to grind up into that resistance zone with a small pullback along the way, tag near 187.0, get rejected there, then reverse and decline back toward roughly 183.5. My take: This resistance zone has proven strong — it's capped every rally attempt since April, so treating it as a sell zone on approach is reasonable. That said, the recovery off the 179.5 low has been quite steady and orderly, which is a bit different in character from the sharp rejections that happened at this zone earlier in the year — worth watching whether this push has more strength behind it than prior attempts. Given how many times this zone has held, a clean rejection candle (bearish engulfing or long upper wick) right at 187–188 would be good confirmation before shorting, rather than fading it purely on the level. If price actually closes above 188 on the daily, that would break the multi-month ceiling and invalidate the bearish read entirely. Bias stays range-bound/bearish at resistance while the 186.5–188 zone holds, watching for a rejection back toward 183.5–184.