Select Language

EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone

Breaking news

EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.10.21 16:04
EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone

update 2025.10.21 16:04

  • EUR/JPY may approach the all-time high of 177.94.
  • The short-term momentum is stronger as the currency price moves above the nine-day Exponential Moving Average.
  • The primary support lies at the nine-day EMA of 175.78.

EUR/JPY halts its four-day losing streak, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias as the currency cross is positioned within the ascending channel pattern.

The short-term price momentum is stronger as the EUR/JPY cross remains above the nine-day Exponential Moving Average (EMA). Additionally, the 14-day Relative Strength Index (RSI) is positioned above the 50 mark, suggesting that bullish bias is strengthening.

On the upside, the EUR/JPY cross may target the all-time high of 177.94, which was recorded on October 9. A break above this level would support the bullish bias and lead the currency cross to explore the region around the upper boundary of the ascending channel around 181.30.

The EUR/JPY cross may find its immediate support at the nine-day EMA of 175.78, followed by the ascending channel's lower boundary around 175.40. A break below this confluence support zone would weaken the bullish bias and put downward pressure on the currency cross to test the 50-day EMA at 173.82. Further declines would weaken the medium-term price momentum and prompt the currency cross to test the six-week low of 172.14, which was recorded on September 9.

EUR/JPY: Daily Chart

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.06% 0.07% 0.29% 0.12% 0.26% 0.35% -0.08%
EUR -0.06% -0.00% 0.23% 0.06% 0.20% 0.28% -0.15%
GBP -0.07% 0.00% 0.22% 0.06% 0.20% 0.29% -0.15%
JPY -0.29% -0.23% -0.22% -0.17% -0.02% 0.05% -0.36%
CAD -0.12% -0.06% -0.06% 0.17% 0.14% 0.23% -0.20%
AUD -0.26% -0.20% -0.20% 0.02% -0.14% 0.09% -0.37%
NZD -0.35% -0.28% -0.29% -0.05% -0.23% -0.09% -0.43%
CHF 0.08% 0.15% 0.15% 0.36% 0.20% 0.37% 0.43%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).


Date

Created

 : 2025.10.21

Update

Last updated

 : 2025.10.21

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Gold climbs toward $4,250 as shutdown ends, Fed signals temper easing bets

Gold (XAU/USD) extends its advance on Thursday, climbing above the $4,200 psychological barrier and notching a five-day winning streak. The precious metal has now retraced most of its corrective decline from the all-time high near $4,381.
New
update2025.11.13 21:24

NZD/USD stabilises as New Zealand labour market concerns grow, Fed rate cuts eyed

NZD/USD trades around 0.5660 on Thursday at the time of writing, virtually unchanged on the day, after failing to extend its three-day winning streak. The pair edges lower, weighed down by the softness of the New Zealand Dollar (NZD) amid rising concerns about the country's labour market.
New
update2025.11.13 21:19

Gold Price Forecast: XAU/USD rallies above $4,200 on US Dollar weakness 

Gold (XAU/USD) extends gains for the fifth consecutive day on Thursday as the US Dollar dives on risk appetite, following the end of the US government's closure.
New
update2025.11.13 21:00

AUD/USD jumps to near 0.6580 on strong Aussie labor market data

The AUD/USD pair climbs to near 0.6580 during the European trading session on Thursday, the highest level seen in almost two weeks. The Aussie pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of the strong Australian employment numbers for October.
New
update2025.11.13 20:31

USD/JPY: Likely to rise further and potentially test 155.20 - UOB Group

US Dollar (USD) could rise further and potentially test 155.20; any further advance is unlikely to reach 155.55. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.11.13 20:25

GBP/JPY remains steady above 203.00 despite UK GDP disappointment

The Pound remains moderately bid against the Japanese Yen on Thursday, and holds previous days' gains at levels near two-week highs at the 203.50 area, unfazed by a raft of weaker-than-expected UK economic figures released earlier on the day.
New
update2025.11.13 20:15

NZD/USD: Likely to trade in a range between 0.5605 and 0.5695 - UOB Group

New Zealand Dollar (NZD) is likely to trade in a range between 0.5640 and 0.5670. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.11.13 19:51

USD/CHF drops as US Dollar weakens on government reopening, Fed outlook

USD/CHF trades lower on Thursday, hovering around 0.7950, down 0.30% at the time of writing. The pair extends its corrective move, pressured by broad weakness in the US Dollar (USD) as risk appetite improves following the reopening of the US federal government.
New
update2025.11.13 19:47

AUD/USD holds key 200-DMA support - Société Générale

AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.
New
update2025.11.13 19:47

AUD/USD: Likely to edge higher within a higher range of 0.6490/0.6580 - UOB Group

Upward momentum is starting to build, but it is too early to determine if Australian Dollar (AUD) can reach 0.6580. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.11.13 19:19

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel