EUR/JPY Price Analysis: Euro climbs toward session highs with bullish trend intact

EUR/JPY rose toward the 164.00 area, closing in on daily highs ahead of the Asian session.
Bullish bias is confirmed by trend indicators despite neutral short-term momentum.
Key moving averages and MACD support further upside, with nearby support holding firm.

Patricio Martín FXStreet

The EUR/JPY pair extended its rally on Thursday, pushing toward the 164.00 zone after a strong advance during the European session. The pair sits near the top of the day’s range as it enters the Asian session, reflecting sustained demand despite a flattening in momentum indicators. While some short-term tools remain neutral, the overall technical structure leans decisively bullish, backed by a solid base of upward-trending averages.

From a technical perspective, EUR/JPY is flashing a clear bullish signal. The Moving Average Convergence Divergence shows a buy indication, supporting the recent rally. The Relative Strength Index hovers near 63, a neutral-to-positive level that suggests momentum still has room to grow. Other tools such as the Stochastic RSI Fast and the Average Directional Index remain neutral, highlighting that price action, while strong, isn’t yet overstretched.

Trend-following indicators provide the foundation for the bullish stance. The 10-day Exponential and Simple Moving Averages continue to climb and are positioned below the current price. The 20-day, 100-day, and 200-day Simple Moving Averages are similarly aligned in favor of further gains, with all three pointing upward and reinforcing buyers' control over the broader trend.

Support is now seen at 162.70, 162.55, and 162.44. A confirmed break above the 164.00 zone could expose further resistance levels in upcoming sessions.

Daily Chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.