EUR/JPY Holds Above Nine-Day EMA Near 183.00 Amid Ongoing Bullish Momentum

The EUR/JPY currency pair has maintained its upward momentum as it holds above its nine-day exponential moving average (EMA) near the 183.00 level.

This technical indicator is widely followed by traders, and when the price is above the EMA, it typically indicates bullish momentum in the short-term.

The pair's recent consolidation above 183.00 suggests that the market is digesting gains before attempting another leg higher.

Momentum oscillators such as the Relative Strength Index (RSI) remain in bullish territory without being overbought, leaving room for further upside.