EUR/JPY Price Forecast: Trades near 184.00 after rebounding from symmetrical triangle
EUR/JPY pares its daily losses, remaining in the negative territory and trading around 183.80 during the Asian hours on Thursday.
  • EUR/JPY remains stuck in a corrective phase dominated by short-term downward pressure.
  • The 14-day Relative Strength Index at 36.96 suggests downside momentum is slowing but not yet fully exhausted.
  • The currency cross trades above the 183.69 VWAP, indicating mild bullish sentiment for the current session.

EUR/JPY pares its daily losses, remaining in the negative territory and trading around 183.80 during the Asian hours on Thursday. The currency cross holds in a corrective phase below the short- and medium-term trend filters, with the nine-day Exponential Moving Average (EMA) at 184.47 and the 50-day EMA at 184.95 acting as immediate overhead caps and reinforcing a bearish near-term bias.

The EUR/JPY cross has slipped back under the moving averages after failing to sustain gains near recent highs, while the 14-day Relative Strength Index (RSI) at 36.96 approaches oversold territory, hinting that downside momentum is softening but not yet exhausted.

The EUR/JPY cross is remaining within the symmetrical triangle, suggesting market indecision and an impending breakout as energy builds.

The spot price is trading slightly above the Volume-Weighted Average Price (VWAP) at 183.69, suggesting a mild bullish sentiment for the current trading session. Buyers are willing to pay more than the average price paid by all other traders throughout the day.

In context with the symmetrical triangle, trading just above the day's average volume weight indicates that bulls are trying to push the price toward the upper boundary of that triangle for a potential breakout.

The initial support is aligned at the lower boundary of the symmetrical triangle around 183.40. Further declines would expose the four-month low of 181.87, recorded on March 16, followed by six-month low of 180.81.

On the upside, a recovery above the nine-day EMA at 184.47 would be the first sign of easing pressure, though bulls would likely need a daily close over the 50-day EMA at 184.95 to challenge the major resistance band near all-time high of 187.95.

Chart Analysis EUR/JPY

(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 Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.05% -0.09% -0.06% -0.03% 0.10% 0.17% -0.15%
EUR 0.05% -0.02% 0.04% 0.06% 0.18% 0.25% -0.08%
GBP 0.09% 0.02% 0.02% 0.07% 0.19% 0.27% -0.08%
JPY 0.06% -0.04% -0.02% 0.03% 0.16% 0.21% -0.11%
CAD 0.03% -0.06% -0.07% -0.03% 0.12% 0.20% -0.15%
AUD -0.10% -0.18% -0.19% -0.16% -0.12% 0.06% -0.24%
NZD -0.17% -0.25% -0.27% -0.21% -0.20% -0.06% -0.35%
CHF 0.15% 0.08% 0.08% 0.11% 0.15% 0.24% 0.35%

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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QUOTAZIONI IN DIRETTA

Nome / Simbolo
Grafico
% Variazione / Prezzo
NVDA/NAS
Variazione 1 giorno
+0%
0
ON/NAS
Variazione 1 giorno
+0%
0
MSFT/NAS
Variazione 1 giorno
+0%
0

TUTTO SU TECHNICAL

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