EUR/JPY at Critical Level — Short Setup Forming

Technical Analysis

Key support at 160.76 is holding. Resistance at 162.49 is the target.

Fundamental Context

Fundamental catalysts align with the technical picture here. EUR/JPY has room to move.

Trade Setup

Entry at 161.9 with stop at 163.3 gives a clean 2:1 ratio. Target: 159.1.