Neutral
EUR/JPY tests 177.50 after rebounding from descending channel bottom.
Over the past 24 hours, EUR/JPY has halted its seven-day losing streak, trading around 177.40 during Asian hours on October 6, 2026. Technical analysis indicates that the currency pair is near the lower boundary of a descending channel, suggesting potential support and a temporary bounce. However, a break below this channel could signal accelerating downward momentum.
Key points
- EUR/JPY halts seven-day losing streak, trading around 177.40.
- Technical analysis shows EUR/JPY near lower boundary of descending channel, indicating potential support.
- Break below channel could signal accelerating downward momentum.
Sources
AI-generated from public news sources. Not financial advice.
