EUR/JPY Price Forecast: Rebounds above confluence around 185.00, moving averages
EUR/JPY pares its recent losses from the previous day, trading around 185.30 during the Asian hours on Wednesday.
  • EUR/JPY eyes the primary barrier at the upper boundary of the symmetrical triangle around 185.80.
  • The 14-day Relative Strength Index is at 52.81, hinting at neutral-to-firm momentum.
  • The currency cross could find the initial support at the VWAP of 185.20.

EUR/JPY pares its recent losses from the previous day, trading around 185.30 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish bias as it holds above the Volume-weighted Average Price (VWAP) and a cluster of Exponential Moving Averages (EMAs), with the 50-day EMA acting as nearby trend support.

The 14-day Relative Strength Index (RSI) at 52.81 sits just above its midline, hinting at steady, rather than aggressive, upside momentum while price remains supported by these underlying levels.

Daily chart technical analysis shows the EUR/JPY cross consolidating within a symmetrical triangle pattern, signaling that both buyers and sellers are growing increasingly aggressive as they compress the price into a narrowing range. This tight consolidation reflects a temporary balance of power, with neither side establishing clear control over the market's direction just yet.

The initial barrier lies at the upper boundary of the symmetrical triangle around 185.80. 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.

On the downside, primary support lies at the VWAP at 185.20, followed by the 50-day EMA at 184.95 and the nine-day EMA at 184.93. Further declines would put downward pressure on the EUR/JPY cross to test the symmetrical triangle’s lower boundary around 183.70. A break below the triangle would expose 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. 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 Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.02% 0.02% 0.15% -0.03% -0.22% -0.49% 0.01%
EUR 0.02% 0.05% 0.19% -0.01% -0.19% -0.47% 0.04%
GBP -0.02% -0.05% 0.13% -0.05% -0.25% -0.51% -0.03%
JPY -0.15% -0.19% -0.13% -0.18% -0.35% -0.64% -0.15%
CAD 0.03% 0.00% 0.05% 0.18% -0.18% -0.47% 0.03%
AUD 0.22% 0.19% 0.25% 0.35% 0.18% -0.28% 0.19%
NZD 0.49% 0.47% 0.51% 0.64% 0.47% 0.28% 0.49%
CHF -0.01% -0.04% 0.03% 0.15% -0.03% -0.19% -0.49%

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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