Technical indicators signal potential breakout above 186.00, with support holding above key moving averages and RSI near 57.
EUR/JPY trades at 185.70 in early Asian trading, consolidating after four consecutive days of gains. The cross remains above critical support levels, including the Volume-Weighted Average Price at 185.29 and EMAs near 184.95–184.99, reinforcing a constructive bullish bias.
The 14-day Relative Strength Index at 57 indicates firm upside momentum without overbought conditions. Analysts note the pair is nearing the upper boundary of a symmetrical triangle at 186.00, with a breakout targeting the April 17 all-time high of 187.95. Downside risks include a drop below 185.50, which could expose support at 183.50 and lower levels.
Market focus remains on technical levels as traders assess the potential for further gains or a corrective pullback.