FX.co ★ Zubad | EUR/JPY

The EUR/JPY pair demonstrated a volatile trading session on the 15-minute timeframe, characterized by sharp intraday swings before transitioning into a sustained bullish recovery. At the beginning of the session, price traded near the 185.00 resistance region, where sellers quickly entered the market and triggered a strong bearish move. This selling pressure pushed the pair lower toward the 184.30 area, forming a clear short-term downtrend with consecutive lower highs and lower lows. During the early decline, price moved below the short-term moving averages, confirming bearish momentum. The fast moving average (green line) crossed below the medium-term moving average (red line), while the longer-term moving average (blue line) remained above price, reinforcing the negative market structure. Sellers maintained control as several bearish candles broke through minor support levels, increasing downside momentum. After reaching the session low near 184.30, bearish pressure began to weaken. Buyers gradually entered the market, creating a strong reversal from support. The recovery accelerated as price formed higher lows and bullish engulfing candles, signaling renewed demand. A bullish crossover between the green and red moving averages further confirmed the shift in momentum. As price continued rising, it broke above the blue moving average, indicating a broader transition from bearish to bullish sentiment. The ADX indicator remained elevated near 29, suggesting moderate to strong trend strength throughout the session. The positive directional index (+DI) gradually gained strength and moved closer to the negative directional index (-DI), reflecting increasing buying pressure. This supported the bullish continuation seen in price action. The BW MFI indicator also showed notable volume expansion during key reversal points, indicating stronger participation from market participants. Increased activity during bullish candles suggested that buyers were entering with conviction rather than merely covering short positions. In the final stage of the session, EUR/JPY approached the key resistance zone around 185.14, marked by the horizontal orange line. Price began consolidating just below this resistance, with smaller candles reflecting reduced momentum and possible profit-taking. Overall, this session highlighted a strong reversal from bearish weakness into bullish recovery, emphasizing the importance of trend shifts, moving average crossovers, and resistance levels in identifying high-probability trading opportunities.