Key Moments
- EUR/JPY traded around 185.00 in Asian hours on Monday, extending gains for a second straight session while holding above the nine-period and 50-period EMAs.
- The cross remains confined within a symmetrical triangle, with the upper boundary near 185.90 and the lower boundary around 183.60.
- The 14-day RSI stood close to 51 and the VWAP around 184.31, signaling neutral-to-firm momentum supported by underlying demand.
Technical Setup for EUR/JPY
EUR/JPY advanced for a second consecutive session, trading near 185.00 during Monday’s Asian trading. The pair maintained a constructive short-term tone as price action stayed above both the nine-period and 50-period Exponential Moving Averages (EMAs), underscoring a supportive technical backdrop.
The volume-weighted average price (VWAP) around 184.31 continued to underpin demand, indicating buyers were active near that level. At the same time, the 14-day Relative Strength Index (RSI) hovered near 51, consistent with neutral-to-firm momentum as the spot rate held above key dynamic support levels.
Symmetrical Triangle Defines Near-Term Range
On the daily chart, EUR/JPY remained locked within a symmetrical triangle formation. This pattern highlighted intensifying activity from both buyers and sellers, compressing price action into a progressively narrower range. With neither side having asserted dominance, the cross reflected a temporary equilibrium in market forces.
Further upside within this pattern would bring the upper boundary of the triangle, located around 185.90, into focus. A clear break above that ceiling would signal a bullish breakout and open the way toward the all-time high at 187.95, which was reached on April 17.
Key Support and Downside Risk Levels
On the downside, initial support was aligned with the 50-day EMA at 184.91, followed by the nine-day EMA at 184.71. A deeper pullback would turn attention to the lower boundary of the symmetrical triangle, situated near 183.60.
Below that zone, the next key reference points were the four-month low at 181.87, recorded on March 16, and the six-month low at 180.81. A move toward these levels would mark a decisive deterioration in the current constructive bias.
EUR/JPY Daily Chart Reference
EUR/JPY price action on the daily timeframe reflected the interaction of these moving averages, the VWAP, and the symmetrical triangle boundaries, providing traders with a clearly defined framework for both potential breakouts and pullbacks.
Euro Performance Against Major Currencies
The following table presents the percentage change of the Euro (EUR) versus major currencies today. According to this snapshot, the Euro showed the strongest performance against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | 0.02% | 0.05% | 0.29% | 0.07% | 0.13% | 0.37% | 0.11% |
| EUR | -0.02% | – | 0.03% | 0.26% | 0.05% | 0.12% | 0.38% | 0.09% |
| GBP | -0.05% | -0.03% | – | 0.22% | -0.02% | 0.04% | 0.32% | 0.07% |
| JPY | -0.29% | -0.26% | -0.22% | – | -0.23% | -0.16% | 0.06% | -0.12% |
| CAD | -0.07% | -0.05% | 0.02% | 0.23% | – | 0.05% | 0.31% | 0.07% |
| AUD | -0.13% | -0.12% | -0.04% | 0.16% | -0.05% | – | 0.26% | 0.04% |
| NZD | -0.37% | -0.38% | -0.32% | -0.06% | -0.31% | -0.26% | – | -0.26% |
| CHF | -0.11% | -0.09% | -0.07% | 0.12% | -0.07% | -0.04% | 0.26% | – |
The heat map represents percentage moves of major currencies relative to one another. The base currency is indicated in the left-hand column, and the quote currency appears in the top row. For instance, selecting the Euro from the left column and moving across to the US Dollar cell shows the percentage change for EUR (base)/USD (quote).
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