EUR/JPY Price Outlook: Remains stable while keeping an upward trend above the 100-day EMA support

EUR/JPY Remains Stable Amid Geopolitical Uncertainty

During early trading hours in Europe on Tuesday, the EUR/JPY pair is steady around the 184.35 mark. Despite this stability, any significant upward movement may be capped as ongoing tensions between the United States and Iran could increase demand for safe-haven assets like the Japanese Yen.

Conversely, the Euro may find support from the European Central Bank's continued hawkish stance. With energy prices fueling inflation, market participants are now anticipating two to three rate hikes in 2026—a notable change from earlier expectations that rates would remain unchanged. This shift could help the Euro maintain strength against the Yen.

Technical Overview

Analyzing the daily chart, EUR/JPY maintains a slightly bullish outlook. The pair is trading above the upward-sloping 100-day exponential moving average, currently near 182.10, and has consistently closed higher in recent sessions. Additionally, prices remain above the middle band of the Bollinger indicator at approximately 183.70, suggesting that any pullbacks are being absorbed within the prevailing uptrend rather than signaling a reversal. The Relative Strength Index (RSI) stands at 55.22, indicating ongoing positive momentum without reaching overbought levels.

• Support Levels: The first layer of support is found at the Bollinger middle band near 183.70, followed by the psychologically significant 183.00 area. The 100-day EMA at 182.10 offers a deeper foundation for the overall bullish trend.
• Resistance Levels: Immediate resistance is seen near the recent upper Bollinger band at 185.80. A decisive move above this level could pave the way toward the 186.30 region. As long as EUR/JPY closes above 183.00 on a daily basis, the pair is likely to continue challenging the 185.80–186.30 resistance zone.

(This technical analysis was generated with the assistance of AI tools.)