The EUR/JPY currency pair is experiencing a modest upward trend, currently trading near 182.75 during the early European session on Friday. This movement reflects a gathering strength above the key level of 182.50, as bulls maintain their grip on the market. The positive momentum is further supported by a bullish Relative Strength Index (RSI), indicating that the pair may continue to climb.
Traders are closely watching the EUR/JPY exchange rate as it approaches potential resistance levels. A sustained rally above 182.75 could open the door for further gains, while any retreat below 182.50 might trigger profit-taking or shift sentiment among market participants. As global economic conditions evolve, the interplay between the euro and yen remains critical for traders navigating this dynamic forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.