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fxJun 5, 2026, 4:05 AM

EUR/JPY Hovers Near 186.00 at Descending Channel Top

EUR/JPY trades around 185.80 in Asian trade Friday, holding a constructive bullish bias above key exponential moving averages.

EURJPY

EUR/JPY is trading with a slight uptick during Asian hours on Friday, near 185.80, after posting modest gains the previous day. The pair remains close to the 186.00 level and is testing the top of a descending channel.

Technical indicators support a constructive bullish outlook as the pair holds above both the 9-day and 50-day exponential moving averages. This positioning suggests short-term upward momentum may persist.

Source: FXStreet Forex News