EUR/JPY Price Forecast: Remains above 187.00 as bullish bias prevails

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EUR/JPY remains subdued for the second successive day, trading around 187.10 during Asian hours on Wednesday. The technical analysis of the daily chart indicates the currency cross is remaining within an ascending channel, signaling a persistent bullish bias.

EUR/JPY may find its initial resistance around the all-time high of 187.95.
The 14-day Relative Strength Index near 63 suggests buyers remain in control.
The primary support lies at the nine-day EMA of 186.83.

The EUR/JPY cross holds a bullish near-term bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs). The alignment of the shorter EMA above the longer one. Additionally, the 14-day Relative Strength Index near 63 suggests buyers retain control despite the latest pause just under recent highs.

The EUR/JPY cross may appreciate toward the all-time high of 187.95, which was recorded on April 17. Further advances would support the currency cross to explore the region around the upper boundary of the ascending channel around 188.90.

On the downside, the EUR/JPY cross may find its primary support at the nine-day EMA of 186.83, followed by the lower ascending channel boundary around 186.50. A sustained break below the channel would expose the 50-day EMA at 184.73.

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.02%	0.01%	-0.02%	-0.03%	-0.07%	-0.20%	0.00%
EUR	-0.02%		-0.00%	-0.02%	-0.03%	-0.09%	-0.22%	-0.02%
GBP	-0.01%	0.00%		-0.02%	-0.02%	-0.08%	-0.20%	-0.02%
JPY	0.02%	0.02%	0.02%		-0.02%	-0.05%	-0.19%	-0.01%
CAD	0.03%	0.03%	0.02%	0.02%		-0.03%	-0.16%	0.02%
AUD	0.07%	0.09%	0.08%	0.05%	0.03%		-0.14%	0.04%
NZD	0.20%	0.22%	0.20%	0.19%	0.16%	0.14%		0.19%
CHF	-0.00%	0.02%	0.02%	0.01%	-0.02%	-0.04%	-0.19%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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