Key Moments
- EUR/JPY advanced for a fourth straight session, trading around 185.30 during Asian hours on Thursday.
- The pair has stayed above its nine-day and 50-day EMAs, with the 14-day RSI near 52 signaling neutral-to-bullish momentum.
- Upside targets include the ascending channel top near 187.80 and the all-time high at 187.95, while key supports cluster around 185.24 and 185.07.
Constructive Tone Persists Above Key Moving Averages
EUR/JPY continued to build on its recent gains, marking a fourth consecutive day of advances and trading near 185.30 during the Asian session on Thursday. The cross has maintained a positive technical profile, with spot prices holding above both the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA is positioned just above the medium-term EMA, indicating that the broader upward trend has remained in place following the latest pullback.
Ascending Channel Supports Bullish Outlook
Daily chart analysis indicates that EUR/JPY is tracking within an ascending channel, reinforcing the view of an ongoing bullish bias. The 14-day Relative Strength Index (RSI) is hovering around 52, which reflects neutral-to-positive momentum rather than signaling an overbought condition.
If buying interest persists, the cross may move toward the upper boundary of this channel, located around 187.80. A break toward that region would bring the all-time high at 187.95, set on April 17, back into focus as a subsequent upside objective.
Support Levels and Downside Risk
On the downside, immediate technical support is seen at the nine-day EMA at 185.24, followed by the 50-day EMA at 185.07. A decisive move below these moving averages would signal a bearish turn and could increase selling pressure, opening the way for a test of the lower boundary of the ascending channel near 184.50.
Further weakness beyond that level would expose the nearly four-month low at 181.87, registered on March 16, followed by the six-month low at 180.81, which was reached on February 12.
Euro Performance Against Major Currencies
The following table shows the percentage change of the Euro (EUR) against major currencies today. According to this data, the Euro was strongest versus the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.11% | -0.09% | -0.03% | -0.04% | 0.03% | -0.07% | -0.18% | |
| EUR | 0.11% | 0.02% | 0.07% | 0.06% | 0.04% | 0.07% | -0.06% | |
| GBP | 0.09% | -0.02% | 0.06% | 0.03% | 0.04% | 0.05% | -0.09% | |
| JPY | 0.03% | -0.07% | -0.06% | -0.02% | -0.06% | -0.04% | -0.14% | |
| CAD | 0.04% | -0.06% | -0.03% | 0.02% | -0.03% | 0.00% | -0.13% | |
| AUD | -0.03% | -0.04% | -0.04% | 0.06% | 0.03% | 0.03% | -0.12% | |
| NZD | 0.07% | -0.07% | -0.05% | 0.04% | -0.00% | -0.03% | -0.13% | |
| CHF | 0.18% | 0.06% | 0.09% | 0.14% | 0.13% | 0.12% | 0.13% |
The heat map above displays percentage changes of major currencies relative to one another. The base currency is taken from the left-hand column, and the quote currency is selected from the top row. For example, choosing the Euro in the left column and moving across to the US Dollar column shows the percentage change for EUR (base)/USD (quote).
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