EUR/JPY Price Forecast: Tests 185.00 barrier near descending channel top
EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Monday.
  • EUR/JPY could test the immediate resistance at the upper boundary of the channel around 185.10.
  • The 14-day Relative Strength Index sits near 50, hinting at neutral but stabilizing momentum.
  • The initial support appears at the 50-day EMA of 184.85.

EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Monday. The pair is holding a mild bullish bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs), which cluster just below price around the mid-184s and reinforce a nearby demand zone.

Moreover, the 14-day Relative Strength Index (RSI) sits close to the 50 line, hinting at neutral but stabilizing momentum that could allow the cross to extend gains while it remains supported by these short- and medium-term trend gauges.

However, the technical analysis of the daily chart indicates the EUR/JPY cross is still moving sideways within a descending channel pattern, indicating an ongoing bearish bias. A sustained break above the channel would offer a bearish confirmation.

The immediate resistance lies at the upper boundary of the channel around 185.10. Further advances would support the EUR/JPY cross to explore the region around the all-time high of 187.95, which was recorded on April 17.

The immediate support lies at the 50-day EMA of 184.85, followed by the nine-day EMA at 184.79. A break below these moving averages would put downward pressure on the EUR/JPY cross to navigate the region around the three-month low of 181.87, recorded on March 16, followed by a five-month low of 180.81, which was reached on February 12.

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 strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.35% -0.40% -0.27% -0.17% -0.59% -0.51% -0.36%
EUR 0.35% -0.06% 0.07% 0.16% -0.27% -0.17% -0.03%
GBP 0.40% 0.06% 0.15% 0.22% -0.20% -0.11% 0.02%
JPY 0.27% -0.07% -0.15% 0.09% -0.37% -0.29% -0.16%
CAD 0.17% -0.16% -0.22% -0.09% -0.43% -0.35% -0.23%
AUD 0.59% 0.27% 0.20% 0.37% 0.43% 0.08% 0.21%
NZD 0.51% 0.17% 0.11% 0.29% 0.35% -0.08% 0.12%
CHF 0.36% 0.03% -0.02% 0.16% 0.23% -0.21% -0.12%

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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