EUR/JPY Price Forecast: Tests immediate barrier at VWAP of 185.50
EUR/JPY rises after two days of losses, trading around 184.50 during the Asian hours on Friday.
  • EUR/JPY remains bearish as it trades below its session VWAP and a tight cluster of Exponential Moving Averages.
  • The 14-day Relative Strength Index is at 46.58, hinting at weakening bullish momentum.
  • Initial support aligns with the symmetrical triangle’s lower boundary around 183.50.

EUR/JPY rises after two days of losses, trading around 184.50 during the Asian hours on Friday. The currency cross is keeping a bearish near-term tone as spot holds beneath the session Volume-Weighted Average Price (VWAP) and a tight cluster of Exponential Moving Averages, with the nine-period EMA at 184.64 and the 50-period EMA at 184.91 now acting as overhead supply.

Further advances would support the EUR/JPY cross to test the upper boundary of the symmetrical triangle around 185.90. A break above the triangle would cause the bullish emergence and expose the all-time high of 187.95, which was recorded on April 17.

The 14-day Relative Strength Index (RSI) at 46.58 hovers just below the midline, hinting at weakening bullish momentum and reinforcing the idea that rallies toward these nearby averages could struggle for follow-through.

The technical analysis of the daily chart suggests that the EUR/JPY cross is remaining within the symmetrical triangle, indicating that both buyers and sellers are becoming increasingly aggressive, squeezing the price into a tighter and tighter range. Neither side has taken control yet, creating a temporary balance of power.

On the downside, initial support aligns with the symmetrical triangle’s lower boundary around 183.50, followed by the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.

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 Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.17% -0.18% 0.00% -0.13% -0.22% -0.34% -0.17%
EUR 0.17% -0.02% 0.17% 0.03% -0.10% -0.18% -0.03%
GBP 0.18% 0.02% 0.15% 0.04% -0.09% -0.16% -0.01%
JPY 0.00% -0.17% -0.15% -0.11% -0.26% -0.35% -0.18%
CAD 0.13% -0.03% -0.04% 0.11% -0.15% -0.22% -0.05%
AUD 0.22% 0.10% 0.09% 0.26% 0.15% -0.07% 0.08%
NZD 0.34% 0.18% 0.16% 0.35% 0.22% 0.07% 0.16%
CHF 0.17% 0.03% 0.00% 0.18% 0.05% -0.08% -0.16%

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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