EUR/JPY Tests 180.00 Support Amid Persistent Bearish Bias

The EUR/JPY cross has extended its losses for two consecutive days and is currently trading at around 180.10 during Asian hours on Wednesday.

According to technical analysis, the currency pair remains within a descending channel, indicating a persistent bearish bias.

The EUR/JPY cross holds just above the nine-day Exponential Moving Average (EMA) of 179.95 but is capped by the 50-day EMA of 182.46.

A break below the support at 180.00, which aligns with the nine-day EMA, would strengthen the bearish bias and put downward pressure on the currency cross to navigate the region around the lower boundary of the descending channel at 177.30, followed by nearly an 11-month low of 175.70 recorded in November 2025.

On the upside, the EUR/JPY cross may rise toward the 50-day EMA of 182.46, with further resistance lying at the upper boundary of the descending channel around 184.80, followed by the all-time high of 187.95 set on April 17.