Key Moments
- EUR/JPY traded around 186.20 during Asian hours on Wednesday after three consecutive daily gains
- The pair stayed above its nine-day and 50-day EMAs, with the 14-day RSI near 60 signaling constructive upside momentum
- Key support levels were identified at 185.66 and 185.18, while resistance hovered near the all-time high at 187.95
Technical Overview
EUR/JPY eased lower during Asian trading on Wednesday, hovering near 186.20 following three straight sessions of advances. Despite the minor pullback, the cross maintained a positive technical tone, staying above both its nine-day and 50-day Exponential Moving Averages (EMAs). This setup indicated that recent gains continued to be underpinned by persistent buying interest.
The 14-day Relative Strength Index (RSI) held close to 60, pointing to robust, yet not overstretched, bullish momentum. On the daily chart, EUR/JPY remained confined within an ascending channel, reinforcing the view that the broader trend stayed skewed to the upside.
Upside Targets
From a technical perspective, EUR/JPY had scope to revisit the region near its all-time peak at 187.95, which was registered on April 17. Should upward pressure continue, attention could then shift toward the upper boundary of the rising channel, located around 188.30.
Downside Risk Levels
On the downside, initial support was seen at the nine-day EMA at 185.66, followed by the 50-day EMA at 185.18. A clear move below both of these moving averages would signal a deterioration in the bullish outlook and open the door toward the lower boundary of the ascending channel, near 184.70.
If selling pressure were to deepen beyond that zone, the cross could be drawn toward its nearly four-month low at 181.87, set on March 16. Further weakness might then focus on the six-month low at 180.81, which was recorded on February 12.
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 daily percentage changes of the Euro (EUR) relative to other major currencies. Over the period shown, the Euro underperformed the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | -0.01% | -0.08% | 0.02% | 0.05% | 0.01% | -0.13% | |
| EUR | 0.03% | 0.01% | -0.06% | 0.03% | 0.08% | 0.08% | -0.10% | |
| GBP | 0.01% | -0.01% | -0.06% | 0.03% | 0.11% | 0.05% | -0.08% | |
| JPY | 0.08% | 0.06% | 0.06% | 0.08% | 0.12% | 0.05% | -0.02% | |
| CAD | -0.02% | -0.03% | -0.03% | -0.08% | 0.04% | -0.00% | -0.11% | |
| AUD | -0.05% | -0.08% | -0.11% | -0.12% | -0.04% | -0.02% | -0.13% | |
| NZD | -0.01% | -0.08% | -0.05% | -0.05% | 0.00% | 0.02% | -0.11% | |
| CHF | 0.13% | 0.10% | 0.08% | 0.02% | 0.11% | 0.13% | 0.11% |
The heat map should be read using the base currency from the left-hand column and the quote currency from the top row. For example, selecting Euro (EUR) as the base and moving horizontally to the US Dollar (USD) cell shows the percentage move for EUR/USD over the period.
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