Bullish
EUR/JPY maintains bullish trend near 185.80, supported by key technical indicators.
EUR/JPY continues to trade within an ascending channel, holding above both the nine-day and 50-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) at 57.38 indicates positive momentum, suggesting potential for further upside.
Key points
- EUR/JPY remains above key EMAs, indicating sustained upward momentum.
- The 14-day RSI at 57.38 suggests room for further upside without reaching overbought conditions.
- Key downside supports are at 185.70, 185.39, and 184.81, providing potential entry points for buyers.
- Resistance levels are near 187.95 and 188.80, which may challenge bullish advances.
Sources
AI-generated from public news sources. Not financial advice.
