EUR/JPY Holds Above 9‑Day EMA at 185.50 amid Steady Buying Pressure

EUR/JPY has remained largely unchanged for the third straight day, trading near 185.80 during Asian trading hours on Monday. The pair continues to exhibit a constructive bullish bias, staying above both the nine‑day and 50‑day exponential moving averages (EMAs), which now serve as dynamic support levels.

The 14‑day Relative Strength Index (RSI) sits at 55.33, indicating upside momentum without reaching overbought territory. This suggests that bullish pressure is present yet still has room to grow, while prices consolidate just below recent highs.

On the daily chart, the EUR/JPY exchange rate remains inside an ascending triangle, with the top horizon near 186.10. The flat ceiling, coupled with increasingly shallow troughs, signals aggressive buying. A decisive move above the triangle could unleash a strong bullish run, potentially pushing the pair toward the 187.95 all‑time high set on April 17.

Support on the downside rings around 185.50 (the nine‑day EMA), 185.12 (the 50‑day EMA) and the triangle’s lower boundary near 185.00. A break below the triangle would undermine the bullish bias and could bring the pair toward the five‑month low of 181.87 recorded on March 16 or the seven‑month low of 180.81.

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