The currency pair holds above key moving averages and a rising channel, with RSI indicating further upside potential.
EUR/JPY climbed for a second straight session, trading near 186.00 in Asian hours Friday, supported by a bullish technical structure. The pair remains above both the nine- and 50-period EMAs, reinforcing near-term strength.
The 14-day RSI at 60.85 suggests upward momentum without overbought conditions. Resistance is seen at the ascending channel’s upper boundary around 187.00, with a breakout targeting the April 17 high of 187.95. Support lies at 184.79, near the nine-day EMA.
A drop below this level could shift sentiment, potentially pushing the pair toward its August 3 low of 179.37.