EUR/JPY Price Forecast: Climbs toward record highs near 185.00
- EUR/JPY eyes the immediate resistance at the all-time high of 184.95.
- The 14-day Relative Strength Index at 61 indicates solid momentum while remaining below overbought levels.
- The primary support lies at the nine-day EMA of 183.60.
EUR/JPY extends its gains for the second successive session, trading around 184.30 during the Asian hours on Monday. The technical analysis of the daily chart suggests that the 14-day Relative Strength Index (RSI) at 61 signals firm momentum without overbought conditions.
The nine-day Exponential Moving Average (EMA) rises above the 50-day EMA, keeping the bullish bias intact. The EUR/JPY cross holds above both averages, indicating trend continuity.
Immediate resistance aligns at the all-time high of 184.95, which was recorded on December 22, aligned with the psychological level of 185.00. A sustained break of the resistance could extend the upswing.
The EUR/JPY cross may find its initial support at the nine-day EMA of 183.60. A break below the short-term price average would weaken the momentum and put downward pressure on the currency cross to navigate the region around the 50-day EMA and the monthly low at 181.57.
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% | -0.11% | 0.17% | -0.11% | -0.10% | -0.16% | -0.20% | |
| EUR | 0.17% | 0.06% | 0.33% | 0.06% | 0.07% | 0.01% | -0.03% | |
| GBP | 0.11% | -0.06% | 0.28% | 0.00% | 0.01% | -0.05% | -0.09% | |
| JPY | -0.17% | -0.33% | -0.28% | -0.28% | -0.27% | -0.32% | -0.37% | |
| CAD | 0.11% | -0.06% | 0.00% | 0.28% | 0.00% | -0.05% | -0.09% | |
| AUD | 0.10% | -0.07% | -0.01% | 0.27% | -0.01% | -0.06% | -0.10% | |
| NZD | 0.16% | -0.01% | 0.05% | 0.32% | 0.05% | 0.06% | -0.05% | |
| CHF | 0.20% | 0.03% | 0.09% | 0.37% | 0.09% | 0.10% | 0.05% |
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).
(The technical analysis of this story was written with the help of an AI tool.)
Author
Akhtar Faruqui
FXStreet
Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.
