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fxJun 17, 2026, 2:53 AM

EUR/JPY Rebound to 186.50 Possible as Bullish Bias Persists

EUR/JPY pulled back slightly after three consecutive days of gains, but remains above key exponential moving averages, keeping a constructive short-term bias. Market observers note potential for a move back toward 186.50.

EURJPY

EUR/JPY edged lower during Wednesday's Asian session, trading near 186.20 after a three-day winning streak. Despite the minor pullback, the cross retains a bullish tone as it stays above both the 9-day and 50-day exponential moving averages.

Technical indicators suggest the pair may attempt to recover toward the 186.50 resistance level. The sustained position above the EMAs reinforces the positive bias, though traders will watch for any breaks below those averages to signal a shift in momentum.

Source: FXStreet Forex News