Key Moments:
- EUR/JPY has been trading close to 184.00, remaining below both the nine-day and 50-day EMAs
- The 14-day RSI stands at 41.75, indicating continued downside pressure without oversold conditions
- Price action has kept EUR/JPY within reach of support at the 11-week low of 181.87 and the five-month low of 180.81
Bearish Bias Persists Below Key Moving Averages
EUR/JPY has been stabilizing around the 184.00 area during Asian trading on Friday after a modest advance in the prior session. Daily chart signals indicate that the cross continues to exhibit a short-term bearish tone, with spot levels trading under both the 50-day and nine-day Exponential Moving Averages (EMAs).
The pair remains in a corrective phase, holding beneath the nine-period and 50-period EMAs. These moving averages are acting as dynamic resistance, reinforcing the downside bias in the near term as buyers struggle to reclaim higher ground.
Momentum Indicators Signal Room for Additional Downside
The 14-day Relative Strength Index is positioned at 41.75, below the neutral 50 line. This reading suggests that selling pressure remains in place, although the indicator has not yet entered oversold territory. As a result, the technical backdrop still allows for further weakness if sellers maintain control.
Key Support and Resistance Levels for EUR/JPY
On the downside, traders are watching the initial support zone near the 11-week low at 181.87, which was registered on March 16. Below that level, attention shifts to the five-month low at 180.81, marked on February 12.
On the upside, any recovery may first encounter resistance at the nine-day EMA, currently at 184.62, followed by the 50-day EMA at 184.84. A clear move above both the short- and medium-term moving averages would be required to neutralize the prevailing bearish tone and restore a bullish perspective, opening the way for a potential retest of the all-time high at 187.95, set on April 17.
EUR/JPY Daily Chart Reference
EUR/JPY: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Euro Performance Against Major Currencies
The table below presents the current percentage changes of the Euro (EUR) versus a selection of major currencies. According to the data, the Euro has been weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | -0.03% | -0.09% | -0.07% | -0.15% | -0.11% | -0.03% | |
| EUR | 0.05% | 0.00% | -0.04% | -0.02% | -0.10% | -0.02% | 0.04% | |
| GBP | 0.03% | -0.00% | -0.04% | -0.03% | -0.11% | -0.03% | 0.03% | |
| JPY | 0.09% | 0.04% | 0.04% | 0.03% | -0.08% | -0.01% | 0.07% | |
| CAD | 0.07% | 0.02% | 0.03% | -0.03% | -0.12% | -0.04% | 0.04% | |
| AUD | 0.15% | 0.10% | 0.11% | 0.08% | 0.12% | 0.09% | 0.14% | |
| NZD | 0.11% | 0.02% | 0.03% | 0.01% | 0.04% | -0.09% | 0.06% | |
| CHF | 0.03% | -0.04% | -0.03% | -0.07% | -0.04% | -0.14% | -0.06% |
The heat map reflects percentage moves of major currencies relative to each other. The base currency is taken from the left-hand column and the quote currency from the top row. For instance, selecting the Euro as the base from the left column and moving horizontally to the US Dollar cell shows the percentage move of EUR (base)/USD (quote).
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