EURJPY Surges Near All-Time High Amid Bullish Bias

The EUR/JPY currency cross has gained ground after a minor loss in the previous day, trading around 185.70 during Asian hours on Thursday.

The technical analysis of the daily chart indicates that the currency cross is remaining within an ascending channel pattern, signaling an ongoing bullish bias.

The EUR/JPY cross is maintaining a bullish near-term bias as it holds above both the nine-and 50-period Exponential Moving Averages (EMAs), with the 14-day Relative Strength Index (RSI) at 58.39 hinting at constructive momentum without reaching overbought territory.

The currency cross may explore the region around its all-time high of 187.95 set on April 17, followed by the upper boundary of the ascending channel around 188.50.