EURJPY Asia briefing — 2026-05-11

BIAS BEARISH — D1 structure guides downside despite RSI neutrality; H4/H1 divergence resolves lower on hierarchy weighting. KEY LEVELS R: 185, 187.56 | S: 184.50, 182.09 NEWS 🟡 Household Spending YoY (23:30 UTC) 🟡 BoJ Summary of Opinions (23:50 UTC) 🟡 JP Foreign Reserves (23:50 UTC) SESSION OUTLOOK Expect consolidation near 184.50 support ahead of Japanese data. BoJ messaging may trigger directional break lower if dovish. PRO UNLOCKS Entry 184.20, SL 185.10, TP1 182.50, TP2 181.00 | FVG 184.80–185.20 | Liquidity sweep 185.60

Key Levels

R: 185.000 · 187.556

S: 184.500 · 182.086