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fxJul 24, 2026, 4:03 AM

EUR/JPY Extends Gains, Targets Rising Wedge Top Near 187.00

EUR/JPY rose for a fourth consecutive day, trading near 186.50, maintaining a bullish bias above key EMAs and eyeing the rising wedge resistance at 187.00.

EURJPY

EUR/JPY extended its upward momentum for a fourth consecutive session, trading around 186.50 during Asian hours on Friday. The pair holds a near-term bullish bias, supported by price action above both the 9- and 50-period exponential moving averages.

Technical analysts highlight a rising wedge formation, with the upper trendline near 187.00 acting as a key resistance level. A break above this level could signal further gains, while the EMAs provide underlying support.

Source: FXStreet Forex News