Last Updated on July 25, 2026 by Deon
The EUR/JPY currency pair is still trading close to thec 187.00 level after a rise earlier this month. Even though the pair has stopped moving up for a bit to rest the overall direction is still up. Buyers are trying to get to moving higher towards the next big obstacle around 188.00.
Even when the Japanese Yen gets stronger because people want to keep their money safe the Euro has not fallen. Traders are watching what Japanese officials say or do. Fears that the government might step in to control the Yen are still affecting how people feel about the market.
EUR/JPY is Still in a good upward movement.
The recent stop in price movement seems like a rest after a big rise. This does not mean the trend is changing. The current range shows that buyers are taking a break before trying to move again.
Technical tools still say the buyers have the hand. Even though the price is moving sideways, the momentum is still positive. The Relative Strength Index is in a place, meaning more people want to buy than sell.
The first thing buyers need to do is break above 187.00.
If that happens with force, traders might look at the following:
187.95–188.00: The highest point from last year and the next obstacle
189.00: Next important obstacle
190.00: A big number that people pay attention to
If the price moves past 188.00 the positive outlook will get stronger and more people may want to buy.
Important Levels to Watch Below
Even though the overall direction is up traders should also look at the support areas in case the price goes down.
Key support areas are:
185.35: First short-term support
185.20: 50-day Simple Moving Average
185.05: 100-day Simple Moving Average
183.30: 200-day Simple Moving Average
If the price stays above these numbers the current upward movement will keep going.
What Affects EUR/JPY
Many things are affecting EUR/JPY:
More people want the Euro.
More people want the yen during times of worry in the world.
People think the Japanese government may step in if the Yen gets too weak.
What people think the Bank of Japan will do in the future.
Technical View
The technical view still says buyers are in control even though the price is taking a break. Momentum tools are still showing a sign, and the pair is staying above important support levels.
As long as EUR/JPY stays above the middle of 185, the big upward movement is still going. If the price moves past 187.00, it may go up to 188.00, then 189.00 if the buyers keep pushing. If the price drops below 185.35, the short-term view gets weaker. A bigger drop may happen.
Final Thoughts
EUR/JPY is still in a technical position as it takes a break near 187.00. The break now seems like a part of an upward movement rather than a sign that it is going to go down. Traders will watch if the buyers can pass the obstacle near 187.00–188.00 while the support around 185.35 is the level keeping the upward trend. With the momentum tools still positive, the overall direction is still towards gains in the coming days.
