Key Moments
- EUR/JPY traded around 185.40 during Asian hours on Friday, keeping recent gains intact above key EMAs.
- Primary resistance is located at the six-week high of 186.21, with additional upside levels at 187.80 and 187.95.
- Initial support remains at the nine-day EMA of 185.23 and the 50-day EMA of 185.07, with deeper downside levels down to 180.81.
EUR/JPY Maintains Bullish Structure Above Key Averages
EUR/JPY traded higher during Asian market hours on Friday, hovering near 185.40 after posting modest losses in the prior session. The pair continues to exhibit a constructive bullish setup, with spot prices holding above both the nine-day and 50-day Exponential Moving Averages (EMAs). This positioning keeps shorter- and medium-term EMAs beneath the market, signaling persistent underlying demand.
The 14-day Relative Strength Index (RSI) sits close to 52, indicating neutral-to-positive momentum and suggesting the cross is not yet in overbought territory. This leaves scope for additional gains as long as buyers retain the upper hand. Analysis of the daily chart shows EUR/JPY trading within an ascending channel pattern, reinforcing the prevailing bullish bias.
Upside Levels: Channel Resistance and Recent Highs
On the topside, the first significant resistance for EUR/JPY is the six-week peak at 186.21, which was reached on June 5. A move beyond this level would bring the upper boundary of the ascending channel into view around 187.80. Above that, attention would turn to the all-time high at 187.95, recorded on April 17.
Downside Risks and Key Support Markers
If the cross retreats, immediate support is seen at the nine-day EMA at 185.23, followed closely by the 50-day EMA at 185.07. A clear break below these moving averages would mark a shift toward a bearish tone and expose the lower edge of the ascending channel near 184.50.
Sustained downward pressure could open the way to a test of the nearly four-month low at 181.87, set on March 16. Further weakness from there would bring the six-month low of 180.81, reached on February 12, into focus.
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 following table summarizes the percentage change of the Euro (EUR) versus major currencies today. According to this snapshot, the Euro was strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.10% | 0.19% | 0.08% | 0.26% | 0.38% | 0.15% | |
| EUR | -0.12% | -0.03% | 0.09% | -0.03% | 0.14% | 0.25% | 0.03% | |
| GBP | -0.10% | 0.03% | 0.11% | -0.01% | 0.14% | 0.28% | 0.06% | |
| JPY | -0.19% | -0.09% | -0.11% | -0.14% | 0.03% | 0.16% | -0.07% | |
| CAD | -0.08% | 0.03% | 0.00% | 0.14% | 0.17% | 0.29% | 0.07% | |
| AUD | -0.26% | -0.14% | -0.14% | -0.03% | -0.17% | 0.11% | -0.12% | |
| NZD | -0.38% | -0.25% | -0.28% | -0.16% | -0.29% | -0.11% | -0.22% | |
| CHF | -0.15% | -0.03% | -0.06% | 0.07% | -0.07% | 0.12% | 0.22% |
The heat map is read by selecting the base currency from the left-hand column and the quote currency from the top row. For instance, choosing Euro on the left and moving horizontally to the US Dollar column shows the percentage change for EUR (base)/USD (quote).
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