Bullish
EUR/JPY holds steady above 185.50 amid bullish technical indicators
EUR/JPY remains above 185.50, supported by bullish technical indicators. The 14-day Relative Strength Index (RSI) near 59 suggests strong bullish momentum with room to grow. Immediate support lies at the lower boundary of the ascending channel, around 185.70.
Key points
- EUR/JPY maintains a bullish bias, holding above both the nine-period and 50-period Exponential Moving Averages (EMAs).
- The 14-day Relative Strength Index (RSI) at 59 indicates strong bullish momentum without yet signaling overbought conditions.
- Immediate support lies at the lower boundary of the ascending channel, around 185.70.
Sources
AI-generated from public news sources. Not financial advice.
