EUR/JPY Price Forecast: Holds gains around 186.50 within rising wedge
EUR/JPY gains ground after registering minor losses in the previous day, trading around 186.50 during the Asian hours on Monday. The currency cross is keeping a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
  • EUR/JPY could face initial resistance around the rising wedge top at 186.90.
  • The 14-day Relative Strength Index near 60 indicates firm upside momentum without entering overbought territory.
  • The primary support lies at the nine-day EMA of 186.04.

EUR/JPY gains ground after registering minor losses in the previous day, trading around 186.50 during the Asian hours on Monday. The currency cross is keeping a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The configuration of the short-term EMA above the longer-term EMA suggests a constructive trend backdrop.

Meanwhile, the 14-day Relative Strength Index (RSI) near 60 points to firm but not yet overbought upside momentum, hinting that buyers still retain control unless price slips back below the nearby averages. However, the daily chart technical analysis shows that the EUR/JPY cross is rising within a rising wedge, indicating a strong bearish reversal risk.

The EUR/JPY cross could find the primary resistance at the upper boundary of the rising wedge around 186.90. Further advances could support the currency cross to explore the region around the all-time high of 187.95, which was recorded on April 17.

On the downside, the initial support lies at the nine-day EMA of 186.04, followed by the 50-day EMA at 185.31, aligned with the lower boundary of the rising wedge. A break below the wedge put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-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. Know more.)

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 -0.30% -0.19% -0.16% -0.07% -0.25% -0.19% -0.37%
EUR 0.30% 0.08% 0.11% 0.22% 0.03% 0.13% -0.09%
GBP 0.19% -0.08% 0.04% 0.14% -0.02% 0.02% -0.16%
JPY 0.16% -0.11% -0.04% 0.06% -0.09% -0.04% -0.20%
CAD 0.07% -0.22% -0.14% -0.06% -0.16% -0.11% -0.32%
AUD 0.25% -0.03% 0.02% 0.09% 0.16% 0.10% -0.14%
NZD 0.19% -0.13% -0.02% 0.04% 0.11% -0.10% -0.22%
CHF 0.37% 0.09% 0.16% 0.20% 0.32% 0.14% 0.22%

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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KUOTASI LANGSUNG

Nama / Simbol
Grafik
% Perubahan / Harga
NVDA/NAS
Perubahan 1 hari
+0%
0
ON/NAS
Perubahan 1 hari
+0%
0
MSFT/NAS
Perubahan 1 hari
+0%
0

SEMUA TENTANG TECHNICAL

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