Key Moments
- EUR/JPY traded around 185.20 in Asian hours on Monday, extending gains for a third straight session while holding above its 50-day EMA at 185.12.
- The pair is pressing against immediate resistance at the nine-day EMA of 185.22 as the 14-day RSI sits at a neutral 49.6, pointing to range-bound conditions.
- Upside levels include the all-time high at 187.95 and channel resistance near 188.60, while downside risks target 184.50, 181.87, and 180.81 if the ascending channel breaks.
EUR/JPY Technical Overview
EUR/JPY continued its advance for a third consecutive session, trading near 185.20 during Asian hours on Monday. The cross maintains a modestly positive tone as price action holds above the 50-day Exponential Moving Average (EMA), currently at 185.12, although upward momentum is being constrained by the nine-day EMA.
The 14-day Relative Strength Index (RSI) stands at 49.6, indicating a neutral stance and signaling that the pair is experiencing range-bound behavior as it consolidates just above its medium-term trend support. The daily chart still places EUR/JPY within an ascending channel, a structure that points to an underlying bullish bias.
Resistance Levels and Upside Targets
The cross is challenging immediate resistance at the nine-day EMA, located at 185.22. A decisive move above this short-term average would reinforce the existing bullish backdrop and open the way for a test of higher levels.
On a break above this barrier, the pair could move toward the region surrounding the all-time high at 187.95, which was registered on April 17, and then toward the upper boundary of the ascending channel, positioned around 188.60.
Support Zones and Downside Risks
On the downside, initial support is aligned with the 50-day EMA at 185.12. A failure to hold this area could trigger a deeper pullback toward the lower edge of the ascending channel near 184.50.
If the price were to fall beneath the channel floor, selling pressure could intensify, leaving the cross vulnerable to a move toward the four-month low at 181.87, recorded on March 16, and subsequently toward the six-month low at 180.81, reached on February 12.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Performance Against Major Currencies
The table below summarizes the percentage change of the Euro (EUR) against major currencies today. According to this snapshot, the Euro showed its strongest performance versus the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.09% | 0.15% | 0.18% | 0.00% | 0.14% | 0.05% | |
| EUR | -0.07% | 0.00% | 0.09% | 0.09% | -0.03% | 0.09% | -0.02% | |
| GBP | -0.09% | -0.01% | 0.09% | 0.11% | -0.06% | 0.07% | -0.02% | |
| JPY | -0.15% | -0.09% | -0.09% | 0.02% | -0.14% | -0.02% | -0.08% | |
| CAD | -0.18% | -0.09% | -0.11% | -0.02% | -0.17% | -0.06% | -0.10% | |
| AUD | -0.01% | 0.03% | 0.06% | 0.14% | 0.17% | 0.14% | 0.05% | |
| NZD | -0.14% | -0.09% | -0.07% | 0.02% | 0.06% | -0.14% | -0.07% | |
| CHF | -0.05% | 0.02% | 0.02% | 0.08% | 0.10% | -0.05% | 0.07% |
The heat map above shows the percentage moves of major currencies relative to one another. The base currency is taken from the left-hand column, and the quote currency from the top row. For example, selecting the Euro on the left and moving across to the US Dollar column displays the percentage change for EUR (base)/USD (quote).
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