FX.co ★ amiron56 | EUR/JPY

EURJPY Daily 178.917 178.935 178.210 178.280 - Direction, Structure, Levels, Liquidity, Price Behavior, Confirmation As on 09/09/2026 EUR/JPY OVERALL DIRECTION I see Daily direction as bearish breakdown after long bullish trend since 160.00 low early 2024 to 187.270 high Aug 2026. I see Daily OHLC 178.917 open 178.935 high 178.210 low 178.280 close close well below blue 50 MA around 184.470-184.200 and below red 200 MA around 184.470-183.800 - price broke below both MAs on Sep 8. I see blue MA flattening around 185.000-184.470 after rising from 159.670 Sep 2024 to 186.500 Aug 2026 now falling slightly bearish. Red MA rising from 162.390 Mar 2024 to 184.470 now but flattening around 184.470-183.800 - spread between blue and red narrowing from 2.500 in Jul 2026 to 0.000 now death cross approaching blue crossing below red on Sep 8-9 bearish. I see MACD -1.2617 -0.2506 histogram negative deep blue bars -1.4116 low bearish momentum expansion, signal line red above histogram? Actually MACD line -1.2617 below signal -0.2506 bearish momentum deepening bearish since Aug 2026. I see black horizontal at 178.950 immediate resistance-turned-support - this was support Jun-Jul 2026? Actually 178.950 was low Jul 2026? Looking at chart, 178.950 was support around early Jul? Price broke below 178.950 on Sep 8 with big red candles. I see overall bias bearish below blue 184.470 and below red 184.470 and below black horizontal 178.950, targeting sell side liquidity below 178.210 toward 176.230 and 173.430. Bullish only above 184.470 reclaim with bullish displacement. STRUCTURE I see Daily structure as lower highs and lower lows after long uptrend. I see higher highs since 159.670 low Sep 2024 to 187.270 high Aug 2026 staircase: 162.390 Mar 2024 low -> 173.430 Jun 2024 high -> 181.750 Aug 2024 high -> 184.470 Oct 2024 high -> 187.270 Aug 2026 high higher highs bullish long term. Now lower highs: 187.270 high Aug 2026 -> 187.270 high late Aug -> 186.500 high early Sep -> 184.470 high Sep 8 lower high bearish BOS. Lower lows: 184.470 low? Actually 178.210 low Sep 9 lower low vs 180.850 low Sep 8 lower low vs 181.750 low Jul 2026 lower low bearish BOS. Daily broke below blue MA on Sep 8 with big red candle 184.470 to 180.850 bearish CHoCH confirming bearish structure shift, then broke below red MA and below black horizontal 178.950 on Sep 9 with big red candle 180.850 to 178.210 bearish continuation. I see equilibrium Daily 159.670 low Sep 2024 to 187.270 high Aug 2026 at 173.470 mid, current 178.280 above equilibrium 4.810 premium 61 percent premium still above mid but below MAs bearish short term. LEVELS To Watch I mark Daily levels: Resistance black horizontal 178.950 immediate resistance now after breakdown, blue 50 MA 184.470-184.200 major resistance, red 200 MA 184.470-183.800 major resistance confluence with blue, 184.470, 187.270 high Aug 2026 major supply. Support 178.210 low today, 176.230, 173.430, 170.710, 167.910, 165.190, 162.390 Mar 2024 low major demand. Order blocks: Bullish OB Daily 159.670-162.390 Sep 2024 low demand zone before markup to 187.270, Bullish OB 170.710-173.430 Jun 2024 before markup. Bearish OB Daily 184.470-187.270 Aug 2026 top distribution zone with red candles and long upper wicks containing bearish FVG 184.470-187.270 unmitigated resistance major supply. FVG: Bearish FVG Daily 178.950-184.470 Sep 8-9 red candle displacement big red candles 184.470 to 178.210 unmitigated bearish FVG gap 5.520 dollars major gap, Bullish FVG 159.670-173.430 old gap mitigated. Moving averages: Blue 50 MA flattening to descending, red 200 MA rising to flattening, blue crossing below red death cross bearish price below both bearish. LIQUIDITY I see buy side Daily above: 178.950 black horizontal immediate buy stops above support-turned-resistance, 181.750, 184.470 blue and red MA major buy side pool stops of shorts above MAs, 187.270 high Aug 2026 major buy side pool stops of shorts above wick to 187.270. Sell side Daily below: 178.210 low today sell stops below intraday low, 176.230, 173.430, 170.710, 167.910, 165.190, 162.390 major sell side pool stops of longs below demand. Sweep history: Sell side swept? Buy side swept Aug 2026 above 187.270 with wick to 187.270 then long upper wick rejection red candle taking buy stops distribution to 178.210 - classic buy side liquidity grab before markdown. Sell side swept early 2024 below 159.670 with wick then bullish engulfing accumulation to 187.270. Volume MACD histogram negative deep -1.4116 low bearish momentum expansion Sep 8-9 breakdown. Next draw: Since buy side 187.270 taken with rejection and price broke below blue and red MA and below black horizontal 178.950, next draw sell side below 178.210 toward 176.230 and 173.430 if 178.950 holds as resistance. If 178.210 holds as support with bullish CHoCH above blue 184.470, next draw buy side above 184.470 toward 187.270. PRICE BEHAVIOR I see Sep 2024-Aug 2026 behavior bullish impulsive long green candles small wicks 159.670 to 187.270 above both MAs blue rising red rising bullish displacement high volume MACD positive histogram deep blue +1.8867 peak Aug 2026 bullish momentum. Aug-Sep 2026 behavior bearish impulsive long red candles 187.270 to 178.210 below blue MA breaking below red MA and below black horizontal 178.950 bearish displacement high volume MACD negative deep -1.4116 bearish momentum expansion. Current behavior big red candle Sep 8-9 184.470 to 178.210 close near low 178.280 small lower wick sellers control, RSI? MACD negative. Wick behavior: Long lower wicks 159.670 Sep 2024 demand rejection, long upper wicks 187.270 Aug 2026 supply rejection.

CONFIRMATION I build bearish continuation confirmation: Daily holds below blue 50 MA 184.470 and below red 200 MA 184.470 and below black horizontal 178.950, Daily bearish BOS below 178.210 with bearish FVG on H4 180.850-184.470 bearish engulfing big red RSI below 50 MACD below zero histogram negative. H4 close below 178.210 and below 176.230 to confirm breakdown below support with bearish displacement red candle volume above average. Moving averages Daily blue 184.470 flattening to descending, red 184.470 flattening, blue crossing below red death cross bearish price below both bearish. MACD Daily -1.2617 below -0.2506 histogram negative deepening bearish no bullish divergence. Liquidity buy side above 178.950 intact not taken? Actually buy side above 178.950 partially taken? Price below 178.950 now resistance, sell side below 178.210 intact next draw sell side. Entry short tuned: 178.950 black horizontal retest as resistance after bearish CHoCH on 5M with bearish FVG 178.950-180.850 and bearish engulfing RSI below 45, SL above 184.470 blue and red MA or above 181.750 buffer risk 0.5 percent. TP1 178.210 low today, TP2 176.230, TP3 173.430, TP4 170.710, TP5 165.190. Move SL to breakeven at TP1 trail below 15M lower highs. Long failure alternative: Daily close above 184.470 blue and red MA with bullish engulfing + bullish FVG 178.950-184.470 and H1 close above 184.470 with bullish displacement volume expansion. Entry long 178.210-178.280 support long after bullish CHoCH SL below 176.230 TP1 178.950 TP2 181.750 TP3 184.470 TP4 187.270. I avoid 178.210-178.950 chop Asia, I wait London killzone retest. Alerts: 178.210 low today, 178.950 black horizontal, 176.230, 181.750, 184.470 blue red MA, 187.270 high. Final tuned bias bearish below 178.950 black horizontal and below 184.470 MAs targeting 176.230 and 173.430 this week with extension to 170.710 if MACD bearish holds and Daily breakdown sustains.