Bearish
EUR/JPY tests nine-day EMA support near 180.00 amid bearish momentum.
EUR/JPY is currently testing the nine-day Exponential Moving Average (EMA) support near 180.00, indicating bearish momentum. The 14-day Relative Strength Index (RSI) at 42.47 suggests continued downside pressure. A rebound above the nine-day EMA could signal a bullish reversal toward the 50-day EMA at 182.31.
Key points
- EUR/JPY tests nine-day EMA support near 180.00.
- 14-day RSI at 42.47 indicates lingering downside pressure.
- Rebound above nine-day EMA could trigger bullish reversal toward 50-day EMA at 182.31.
Sources
AI-generated from public news sources. Not financial advice.
