EUR/JPY Price Forecast: Holds position above nine-day EMA near 186.00

EUR/JPY could find primary resistance around the rising wedge top at 186.90.
The 14-day Relative Strength Index of 57.46 indicates moderate bullish momentum.
The primary support lies at the nine-day EMA of 186.01.

Akhtar Faruqui FXStreet

EUR/JPY holds ground after two days of losses, trading around 186.20 during the Asian hours on Tuesday. The currency cross is holding a bullish near-term bias as it trades above both the nine-period and 50-period Exponential Moving Averages (EMAs), keeping the broader uptrend supported.

The 14-day Relative Strength Index (RSI) at 57.46 leans to the bullish side without yet signaling overbought conditions, suggesting buyers still retain control while upside momentum remains moderate. However, the daily chart technical analysis shows that the EUR/JPY cross is remaining within a rising wedge, indicating a strong bearish reversal risk.

The EUR/JPY cross could rise toward the upper boundary of the rising wedge around 186.90. Further advances could support the currency cross to target 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 186.01, followed by the lower boundary of the rising wedge around 185.50 and the 50-day EMA at 185.33. A break below this confluence support zone could cause a bearish emergence and 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 Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.03%	-0.01%	0.00%	-0.00%	0.33%	0.16%	-0.00%
EUR	-0.03%		-0.04%	-0.02%	-0.05%	0.29%	0.14%	-0.03%
GBP	0.00%	0.04%		0.02%	0.04%	0.36%	0.19%	0.03%
JPY	0.00%	0.02%	-0.02%		-0.01%	0.32%	0.16%	0.01%
CAD	0.00%	0.05%	-0.04%	0.00%		0.34%	0.15%	0.02%
AUD	-0.33%	-0.29%	-0.36%	-0.32%	-0.34%		-0.14%	-0.33%
NZD	-0.16%	-0.14%	-0.19%	-0.16%	-0.15%	0.14%		-0.14%
CHF	0.00%	0.03%	-0.03%	-0.01%	-0.02%	0.33%	0.14%

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).

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.

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