The currency pair falls for a second day, slipping below technical levels amid a descending wedge pattern on daily charts.
EUR/JPY extended its decline for a second consecutive session, trading around 184.30 during Asian hours on Wednesday. The pair dropped below key moving averages, signaling potential technical weakness.
The daily chart shows EUR/JPY holding slightly below the upper boundary of an emerging descending wedge, a pattern often associated with bearish momentum. The cross had previously tested resistance near 184.50 before retreating.
No immediate market reaction was specified, but the breach of technical levels may attract attention from short-term traders.