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EUR/JPY Price Forecast: Remains Below 185.50 Near Upper Descending Channel Boundary
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Bitcoin Ethereum NewsEUR/JPY Price Forecast: Remains below 185.50 near upper descending channel boundary
EUR/JPY halts its five-day winning streak, trading around 185.40 during the Asian hours on Friday. The currency cross is holding a constructive near-term bias as it sits above both the nine- and 50-period Exponential Moving Averages (EMAs). This positioning suggests dip-buying interest remains in place. The 14-day Relative Strength Index (RSI) around 53 hints at moderate, rather than stretched, bullish momentum. The technical analysis of the dai…
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