EUR/JPY has shown resilience following recent losses, currently trading at approximately 183.20 during Friday's Asian session. This movement suggests a recovery in the currency pair as it seeks to test the nine-day Exponential Moving Average (EMA) barrier. The shift in momentum indicates a potential bullish sentiment among traders.
Technical indicators reveal a 14-day Relative Strength Index (RSI) reading of 54, which falls within neutral territory, implying steady momentum after a retreat from overbought conditions. As the exchange rate stabilizes, market participants will be closely watching the pair's ability to maintain upward momentum and break through key resistance levels.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 03:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.