Open account

EUR/JPY Trades Sideways with Neutral Bias Holding Near 183.75

As of July 3, EUR/JPY continues sideways trading with a neutral intraday bias, remaining mildly pressured while capped by 186.30 resistance. The pair pulled back from the 185.86 high reached on July 1 and found support near 183.75 on July 2 amid yen strength and negative technical signals including 4-hour RSI near 37 and MACD below zero. A break below 183.14 would target 182.01, while a move above 186.30 could retest 187.93. The longer-term uptrend from the 2020 low at 114.42 stays intact toward 194.88 unless the 55-week EMA at 179.37 breaks.

Category

EUR/JPY

Sentiment

Neutral

Event

Technical analysis

Reading time

1 min