EUR/JPY: Bearish Momentum Continues - Targeting Lower Support Levels on Intraday Chart

Market Structure Breakdown and Entry Rationale

My focus today is on EUR/JPY, which continues to show a clear bearish bias. The current price stands at 161.63, reflecting a 24-hour change of -0.57 (-0.35%), indicating a sustained downward pressure. Analyzing the intraday chart, I've observed a definitive market structure shift, confirming the bearish trend we've seen developing. The daily range has been 160.77 to 162.49, and my analysis suggests that the upper end of this range, specifically around the 162.49 resistance, is proving to be a formidable ceiling for any