- May 4, 2026
- Posted by: EWGFX
- Category: news
EUR/JPY holds losses after paring its daily losses, trading around 183.90 during the Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross maintains a bearish near-term bias as spot holds beneath both the 50-day and nine-day Exponential Moving Averages (EMAs)
The EUR/JPY cross has retreated from recent highs while the 14-day Relative Strength Index (RSI) at 38.75 leans toward bearish momentum, hinting that rallies may struggle while price remains capped below this confluence of overhead averages.
On the downside, the EUR/JPY cross may navigate the region around the initial support, around the 10-week low of 181.87, recorded on March 16, followed by nearly a five-month low of 180.81, which was reached on February 12.
The EUR/JPY cross may advance to find the primary resistance at the 50-day EMA of 184.98, followed by the nine-day EMA at 185.44. A sustained break above the medium- and short-term averages would revive the bullish bias and support the currency cross to explore the region around the all-time high of 187.95, which was recorded on April 17.