The currency pair reverses a three-day rally, trading near 182.50 as technical indicators signal continued downside pressure.
EUR/JPY has snapped a three-day winning streak, retreating to around 182.50 in early European trading on Friday. The pair remains below both the nine-period and 50-period Exponential Moving Averages, reinforcing a bearish near-term outlook.
Prior to this pullback, EUR/JPY had climbed for three consecutive sessions, though it failed to sustain momentum above key moving averages. The current level marks a consolidation phase after recent losses, with technical indicators pointing to further downside risks.
No immediate market reaction data was provided, but the bearish bias suggests traders may continue to favor short positions in the near term.