• EUR/JPY eyes the immediate resistance at the nine-day EMA of 183.34.
• The 14-day Relative Strength Index at 54 signals neutral, steady momentum after easing from overbought levels.
• The primary support lies at the four-week low of 181.57 near the medium-term average.

EUR/JPY has recovered its recent losses registered in the previous session, trading around 183.20 during the Asian hours on Friday. The technical analysis of the daily chart suggests that the 14-day Relative Strength Index (RSI) at 54 (neutral) signals steady momentum after easing from overbought. RSI edging higher toward the mid-50s supports stabilization without signaling a stretch.

The 50-day Exponential Moving Average (EMA) rises to 181.43, underpinning the medium-term uptrend. The nine-day EMA has slipped and now caps intraday advances, pointing to consolidation above the 50-day line. The backdrop favors dip-buying while the rising medium-term average holds.

A close back above the nine-day EMA at 183.34 would improve near-term traction toward overhead barriers around the all-time high of 184.95, which was recorded on December 22, aligned with the psychological level of 185.00.

Failure to reclaim the short-term average would leave the cross vulnerable to a deeper mean-reversion phase. The EUR/JPY cross may navigate the region around the initial support at the four-week low of 181.57, recorded on December 17, followed by the 50-day EMA at 181.43. Holding above the medium-term average preserves the broader bullish bias.

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