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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe EUR/JPY cross extended its downward trajectory for the fourth consecutive day, hitting a two-month low during the Asian trading session. This sharp retracement follows a recent peak near the 186.25 region, as technical pressure continues to weigh on the pair. Currently, the pair is trading near the critical 181.00 support level, with market participants closely watching for a break below the 100-day Simple Moving Average (SMA). A sustained move below this psychological threshold could accelerate technical selling and lead to further appreciation of the Japanese Yen. The ongoing correction highlights increasing vulnerability for the Euro against the Yen as it approaches these key technical milestones.