EUR/JPY Trades Below Crucial Resistance as Bearish Sentiment Persists

The EUR/JPY currency pair continues to trade below the crucial 183.00 level, reflecting sustained bearish sentiment among traders.

The pair's inability to break above this resistance level has acted as a ceiling in recent sessions, capping any recovery attempts.

The ongoing weakness in the euro and relative strength of the yen have contributed to the pair's underperformance.

From a technical standpoint, the bearish bias is reinforced by the pair's failure to hold above key moving averages, which are providing dynamic resistance and limiting upside moves.