EURJPY Asia briefing — 2026-10-07

BIAS BEARISH. D1 + H4 + H1 trend confluence and H4 fair value gaps drive this direction; RSI neutral confirms no reversal signal yet. KEY LEVELS R: 178.5, 181.50 | S: 178.0, 176.20 NEWS 🟡 ECB Cipollone speech Wed 05:00 UTC | 🔴 JP Foreign Reserves Tue 23:50 UTC | 🔴 Coincident Index Wed 05:00 UTC SESSION OUTLOOK Watch 178 support hold into Cipollone speech. H1 bullish FVGs create friction against D1 bearish structure; liquidity plays at resistance likely.

Key Levels

R: 178.500 · 181.498

S: 178.000 · 176.201