EUR/JPY Maintains Bullish Tone Near Channel Support

The EUR/JPY currency pair maintains its bullish tone as it trades near channel support at around 185.70, following modest losses in the previous session.

This is reflected in the ascending channel pattern on the daily chart, which indicates a sustained bullish trend for the cross.

The Relative Strength Index (RSI) stands at 58.39, indicating solid upside momentum without signaling overbought conditions.

The pair has been holding above both the nine-period and 50-period Exponential Moving Averages, reinforcing a constructive near-term outlook.