EURJPY Asia briefing — 2026-05-18

BIAS BEARISH. H4 EMA signals downside; D1 neutral breaks tie via hierarchy—lower timeframe structure dominates. KEY LEVELS R: 185, 187.556 | S: 184.5, 182.086 NEWS 🟡 ECB Elderson Speech (07:30 UTC) 🔴 JPY GDP QoQ & Annualized (23:50 UTC) SESSION OUTLOOK Elderson speech may weigh on EUR early. Japan GDP release end-session critical—watch yen reaction for reversal signals near support. PRO UNLOCKS Entry 184.1, SL 185.8, TP1 182.5, TP2 180.8, FVG 183.2–183.8, liquidity sweep 186.2, Fib retracement 183.95

Key Levels

R: 185.000 · 187.556

S: 184.500 · 182.086