EUR/JPY price forecast: Remains above nine-day EMA near 182.50-FX

EUR/JPY price forecast: Remains above nine-day EMA near 182.50-FX

EUR/JPY Price Forecast: Technical Analysis Highlights Key Levels Near 182.50

The EUR/JPY cross is currently trading near critical technical levels, with the nine-day Exponential Moving Average (EMA) at 182.57 acting as a pivotal support and the 50-day EMA at 182.78 serving as a near-term resistance. As of February 24, 2026, the pair remains above the nine-day EMA, indicating a potential consolidation phase amid mixed momentum signals. The 14-day Relative Strength Index (RSI) stands at 46.84, reflecting neutral momentum and suggesting neither strong bullish nor bearish pressure.

Technical analysts note that the EUR/JPY cross is testing a confluence of resistance near 182.50, where the nine-day EMA aligns with a psychological price level. This convergence amplifies its significance as a potential turning point for the pair. A sustained break above the 50-day EMA at 182.78 could signal a resumption of the bullish trend, potentially pushing the cross toward its all-time high of 186.88, recorded on January 23, 2026. Conversely, a failure to hold above the nine-day EMA risks a retest of the descending channel’s lower boundary near 177.30, with further declines targeting the four-month low of 175.70.

Fundamental factors, including divergent monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ), continue to influence the cross. The ECB's potential rate-cut timeline and the BoJ's stance on negative interest rates remain key variables. Meanwhile, intermarket dynamics, such as risk sentiment and energy prices, add complexity to the outlook.

Traders are advised to monitor the 182.50/EMA confluence zone closely, as a breakout or breakdown here could define the near-term trajectory. For now, the EUR/JPY appears in a balancing act, with technical indicators and fundamental drivers in a delicate equilibrium.

FXStreet analysis highlights the significance of EMAs and RSI in assessing EUR/JPY's near-term direction. Bitcoin World's analysis emphasizes the confluence of technical levels and macroeconomic factors shaping the cross.