SELL EURJPY – 181.793

The entry at 181.793 targets the completion of a gap‑fill pattern and aligns with a fair‑value‑gap (FVG) midline, indicating that the market is likely to resume its downtrend. On the H4 timeframe the pair shows a clear bearish structure, and the multi‑timeframe (MTF) analysis confirms bearish bias across lower and higher charts. Volume is elevated, suggesting strong participation. The stop‑loss is set at the recent swing high (structure), providing a clear risk boundary. On the fundamental side, eurozone industrial production has weakened, reducing EUR strength, while the BOJ‑Ueda meeting raises the prospect of yen appreciation as policymakers consider tightening. Additionally, softer US CPI data has increased expectations of Fed rate cuts, weakening the dollar and indirectly supporting a weaker EURJPY. The confluence of these technical patterns and macro‑economic signals justifies a short position with multiple profit targets at 181.688, 181.598 and 181.418.