EUR/JPY Falls to Near 182.00 Amid Persistent Bearish Bias

The EUR/JPY currency cross is experiencing a bearish trend, falling to near 182.00 in Asian hours on Thursday.

This decline comes after two days of gains and follows the pair's retreat from recent highs.

The 14-day Relative Strength Index (RSI) at 37 signals persistent downside momentum, while the EUR/JPY cross holds beneath both the nine-day and 50-day Exponential Moving Averages (EMAs).

This bearish bias may push the currency pair towards its eight-month low of 179.37, with further support at 175.70.