EUR/JPY Price Forecast: Slips below 184.00 due to bearish near-term bias
EUR/JPY inches lower after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday.
  • EUR/JPY is bearish, trading below its nine-period and 50-period EMAs.
  • The 14-day Relative Strength Index at 38 signals continuing downside momentum, not an oversold reversal.
  • Spot above 183.81 VWAP means buyers control the EUR/JPY cross in intraday trading.

EUR/JPY inches lower after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday. The currency cross maintains a bearish near-term bias as it holds below both the nine-period and 50-period Exponential Moving Averages (EMAs) at 184.38 and 184.91, respectively.

The EUR/JPY cross is remaining within the symmetrical triangle, suggesting market indecision and an impending breakout as energy builds, while the 14-day Relative Strength Index (RSI) has eased toward 38, hinting at lingering downside pressure rather than a decisive oversold reversal.

However, the session Volume-Weighted Average Price (VWAP) represents the true average price paid for a stock or asset throughout the day, weighted by volume. Because the spot price is higher than the VWAP of 183.81, it means buyers are firmly in control and are willing to pay a premium to acquire the EUR/JPY cross.

In context with the symmetrical triangle, volatility is shrinking. Think of it like a compressed spring; the market is resting and storing energy for a major breakout. Because the price is trapped between two converging trendlines, momentum indicators like VWAP lose their directional edge until a breakout occurs.

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 the six-month low of 180.81.

On the upside, primary resistance is seen at the nine-period EMA at 184.38, followed by the 50-period EMA at 184.91; a sustained break above these levels would soften the bearish tone and expose the upper boundary of the symmetrical triangle around 186.00. Further advances would support the EUR/JPY cross to test the all-time high of 187.95.

Chart Analysis EUR/JPY
EUR/JPY: Daily Chart

(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 -0.03% -0.05% -0.11% -0.06% 0.33% 0.14% -0.17%
EUR 0.03% -0.03% -0.06% -0.01% 0.36% 0.14% -0.13%
GBP 0.05% 0.03% -0.04% -0.01% 0.39% 0.19% -0.11%
JPY 0.11% 0.06% 0.04% 0.05% 0.43% 0.22% -0.06%
CAD 0.06% 0.00% 0.00% -0.05% 0.39% 0.16% -0.13%
AUD -0.33% -0.36% -0.39% -0.43% -0.39% -0.20% -0.48%
NZD -0.14% -0.14% -0.19% -0.22% -0.16% 0.20% -0.29%
CHF 0.17% 0.13% 0.11% 0.06% 0.13% 0.48% 0.29%

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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COTAÇÕES AO VIVO

Nome / Símbolo
Gráfico
% Variação / Preço
NVDA/NAS
Variação 1 dia
+0%
0
ON/NAS
Variação 1 dia
+0%
0
MSFT/NAS
Variação 1 dia
+0%
0

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