EUR/JPY Price Forecast: Rises to near 185.50 due to bullish emergence
EUR/JPY gains ground for the fourth successive day, trading around 185.30 during the Asian hours on Thursday. The EUR/JPY cross is holding a constructive bias, with spot remaining above the nine-day and 50-day Exponential Moving Averages (EMAs).
  • EUR/JPY could target the upper boundary of its ascending channel near 187.80.
  • The 14-day Relative Strength Index near 52 indicates neutral-to-positive momentum.
  • The primary support appears at the nine-day EMA of 185.24.

EUR/JPY gains ground for the fourth successive day, trading around 185.30 during the Asian hours on Thursday. The EUR/JPY cross is holding a constructive bias, with spot remaining above the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA, hovering just above the medium-term line, suggests the broader uptrend remains intact after the recent pullback.

The technical analysis of the daily chart suggests the EUR/JPY cross is moving within the ascending channel pattern, suggesting an ongoing bullish bias. The 14-day Relative Strength Index (RSI) near 52 suggests neutral-to-positive momentum rather than overbought conditions.

The EUR/JPY cross may explore the region around the upper boundary of the ascending channel around 187.80, followed by the all-time high of 187.95, recorded on April 17.

On the downside, the immediate support lies at the nine-day EMA of 185.24, followed by the 50-day EMA at 185.07. A break below these averages would cause the bearish emergence and put downward pressure on the EUR/JPY cross to test the lower ascending channel boundary around 184.50. Further declines would expose the nearly four-month low of 181.87, recorded on March 16, followed by the six-month low of 180.81, reached on February 12.

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 strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.11% -0.09% -0.03% -0.04% 0.03% -0.07% -0.18%
EUR 0.11% 0.02% 0.07% 0.06% 0.04% 0.07% -0.06%
GBP 0.09% -0.02% 0.06% 0.03% 0.04% 0.05% -0.09%
JPY 0.03% -0.07% -0.06% -0.02% -0.06% -0.04% -0.14%
CAD 0.04% -0.06% -0.03% 0.02% -0.03% 0.00% -0.13%
AUD -0.03% -0.04% -0.04% 0.06% 0.03% 0.03% -0.12%
NZD 0.07% -0.07% -0.05% 0.04% -0.00% -0.03% -0.13%
CHF 0.18% 0.06% 0.09% 0.14% 0.13% 0.12% 0.13%

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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