EUR/JPY Price Forecast: Tests nine-day EMA barrier after rebounding above 185.00
EUR/JPY extends its gains for the third successive day, trading around 185.20 during the Asian hours on Monday. The currency cross holds a mild bullish bias as price sits above the 50-day Exponential Moving Average (EMA), while being capped immediately by the nine-day EMA.
  • EUR/JPY cross finds immediate resistance at the nine-day EMA of 185.22.
  • The 14-day Relative Strength Index of 49.6 is effectively neutral, experiencing range-bound trading conditions.
  • The initial support appears at the 50-day EMA of 185.12.

EUR/JPY extends its gains for the third successive day, trading around 185.20 during the Asian hours on Monday. The currency cross holds a mild bullish bias as price sits above the 50-day Exponential Moving Average (EMA), while being capped immediately by the nine-day EMA.

The 14-day Relative Strength Index (RSI) at 49.6 is effectively neutral, suggesting range-like conditions as the pair consolidates just above its medium-term trend support. Additionally, the technical analysis of the daily chart suggests the EUR/JPY cross is remained within the ascending channel pattern, signaling a prevailing bullish bias.

The EUR/JPY cross is testing the immediate barrier at the nine-day EMA of 185.22. A break above the short-term average would reinforce the bullish bias and support the currency cross to explore the region around the all-time high of 187.95, recorded on April 17, followed by the upper boundary of the ascending channel around 188.60.

On the downside, the primary support lies at the 50-day EMA of 185.12, with further declines targeting the lower boundary of the ascending channel around 184.50. A successful break below the channel would put downward pressure on the EUR/JPY cross to navigate the region around the 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 Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.07% 0.09% 0.15% 0.18% 0.00% 0.14% 0.05%
EUR -0.07% 0.00% 0.09% 0.09% -0.03% 0.09% -0.02%
GBP -0.09% -0.01% 0.09% 0.11% -0.06% 0.07% -0.02%
JPY -0.15% -0.09% -0.09% 0.02% -0.14% -0.02% -0.08%
CAD -0.18% -0.09% -0.11% -0.02% -0.17% -0.06% -0.10%
AUD -0.01% 0.03% 0.06% 0.14% 0.17% 0.14% 0.05%
NZD -0.14% -0.09% -0.07% 0.02% 0.06% -0.14% -0.07%
CHF -0.05% 0.02% 0.02% 0.08% 0.10% -0.05% 0.07%

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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