EUR/JPYEUR/JPYOANDA:EURJPYBuerdsellFXEUR/JPY has reached a key area of interest around the 166.600 level. How price reacts at this zone will guide my next trading decision. If price breaks above this level with strong bullish momentum, I will be looking for a confirmed retest of the 166.600 area before considering long positions. I will also be monitoring for additional confluences, such as the formation of an inverted head and shoulders or a double bottom on the lower timeframes. Conversely, if price rejects this level, I will shift my focus to potential short opportunities. In this case, I’ll look for confirmation through traditional reversal signals such as a head and shoulders pattern, double top formations, and a break of the current trendline. I have marked key zones on my chart to observe how price behaves at these levels—specifically noting whether price approaches them with strong momentum and watching closely for reversal patterns that may indicate a shift in direction. EUR/JPY has now been added to my watchlist for active monitoring.