The currency pair climbs for a third day, supported by technical indicators signaling sustained upward pressure near all-time highs.
EUR/JPY advanced to 186.40 in Asian trading, marking a third consecutive session of gains. The cross holds above key moving averages, reinforcing a bullish near-term outlook as the 14-day RSI remains in positive territory at 59.46.
Technical analysis shows the pair broke above an ascending triangle pattern, targeting the April 17 all-time high of 187.95. Support levels are seen at the nine-day EMA of 185.81 and the 50-day EMA at 185.23, with deeper declines risking a test of March lows near 181.87.
The cross’s position above both short- and long-term EMAs suggests buyers retain control, though upside may face resistance near recent peaks.