EUR/JPY Price Forecast: Pair probes nine-day EMA support around 177.50

The nine-day EMA at 177.54 provides immediate support as EUR/JPY tests this level.
At 42.59, the 14-day Relative Strength Index points to mildly weak momentum.
Near 178.70, the descending channel’s upper boundary forms the main resistance.

Trading at around 177.70 in Tuesday’s Asian session, EUR/JPY has ended a run of four consecutive daily gains. The daily chart continues to place the cross inside a descending channel, indicating that the bearish bias persists.

With short-term support below and medium-term resistance above, EUR/JPY remains in consolidation. Just beneath the cross, the nine-day Exponential Moving Average (EMA) stands at 177.54. Above it, the 50-day EMA at 179.84 limits gains, leaving the wider outlook neutral rather than firmly bullish. Below its midpoint at 42.59, the 14-day Relative Strength Index (RSI) indicates mildly weak momentum without signalling outright oversold conditions.

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Immediate support is being tested at the nine-day EMA of 177.54. Should EUR/JPY break below this short-term moving average, the bearish bias would strengthen, putting the cross under pressure to revisit the 11-month low of 175.70 recorded in November 2025. The descending channel’s lower boundary, around 175.60, would be the next level to watch. A further increase in selling pressure that takes the cross beneath this support confluence could bring the 14-month low of 169.72 into view.

Initial resistance on any advance comes from the descending channel’s upper boundary near 178.70, ahead of the 50-day EMA at 179.84. Clearing that medium-term moving average would mark a bullish reversal and pave the way for EUR/JPY to move towards its all-time high of 187.95, set on 17 April.

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(The technical analysis of this story was written with the help of an AI tool. Know more.)

Euro Records Its Weakest Performance Against the Australian Dollar Today

Today’s percentage moves in the Euro (EUR) against the major currencies listed are set out below. Against the Australian Dollar, the Euro recorded its weakest performance.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.05%	0.07%	0.00%	0.03%	-0.28%	0.17%	0.15%
EUR	-0.05%		-0.05%	-0.05%	-0.01%	-0.28%	0.07%	0.05%
GBP	-0.07%	0.05%		-0.02%	-0.02%	-0.23%	0.12%	0.10%
JPY	0.00%	0.05%	0.02%		0.03%	-0.18%	0.14%	0.13%
CAD	-0.03%	0.01%	0.02%	-0.03%		-0.22%	0.13%	0.11%
AUD	0.28%	0.28%	0.23%	0.18%	0.22%		0.35%	0.32%
NZD	-0.17%	-0.07%	-0.12%	-0.14%	-0.13%	-0.35%		-0.01%
CHF	-0.15%	-0.05%	-0.10%	-0.13%	-0.11%	-0.32%	0.01%

Percentage movements between the major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. Selecting the Euro on the left and following its row across to the US Dollar, for instance, gives the percentage change for EUR (base)/USD (quote) in the corresponding cell.