EUR/JPY

There are two possible outcomes for the EJ where i will ride with one of them and wont open a position on the short option. I think if it pass the the previous high and retest it, we can have a good bullish move (Plan A), and if it fails to make a strong break of previous high, a drop can happen. Something to try can be a long position now to be with the plan A. Still waiting to see whats going to happen.

Always a good read here - https://www.forexfactory.com/thread/...2#post15761972

Most are too wary to trade YEN at these levels.

Good luck, have fun, don't die!

EURJPY M15M chart
Price made a strong impulse move higher, then pulled back into the 185.43–185.51 area and bounced. That pullback held above structure, so the chart is still bullish short term. Current price around 185.65 is trying to continue higher from a higher-low setup.
Pattern and candlestick read
This looks like a bull flag / bullish continuation pullback after a strong impulse. Price rallied aggressively, corrected lower in a controlled way, then formed a higher low near 185.43. The recent buy reaction around 185.61–185.65 shows buyers stepping back in after the pullback.
The only warning is that price is now approaching resistance again, so confirmation matters.
Key levels
Support: 185.59, then 185.51, then 185.43
Resistance: 185.68, then 185.76, then 185.85
Breakout target: 185.90–186.00 if momentum continues
Trade plan
If already in from the buy signal:
Hold while price stays above 185.51.
TP1: 185.68–185.70
TP2: 185.76
TP3: 185.85–185.90
New buy setup:
Entry: 185.59–185.61 on a pullback hold
Stop loss: 185.42
TP1: 185.70
TP2: 185.76
TP3: 185.85–185.90
Breakout buy:
Only buy if M15 closes above 185.68–185.70.
Stop loss: 185.51
Targets: 185.76, then 185.85–185.90.
Invalidation
If M15 closes below 185.51, the bullish continuation weakens.
If price breaks below 185.43, the bull flag fails and price can rotate lower toward 185.34–185.25.
ForexFactory style paragraph
EURJPY M15 confirmed the previous bullish recovery setup after breaking above 184.27 and expanding strongly into the 185.80 area. Price has now pulled back and formed a higher low around 185.43–185.51, which keeps the short-term structure bullish. The current pattern looks like a bull flag / continuation pullback after an impulse move. I prefer buying a pullback into 185.59–185.61 or waiting for a confirmed M15 close above 185.68–185.70. Targets are 185.76, 185.85, and 185.90. A close below 185.51 would weaken the setup, while a break below 185.43 would invalidate the bullish continuation.