EUR/JPY Extends Gains, Holds Near Symmetrical Triangle Top at 185.50
EUR/JPY continues its upward momentum for a third consecutive session, trading around 185.40 during Asian hours on Wednesday, as it remains above key moving averages and near the upper boundary of a symmetrical triangle pattern.
EURJPY
EUR/JPY has extended its gains for the third straight day, hovering near the symmetrical triangle top around 185.50. During Asian trading on Wednesday, the cross was seen at 185.40, maintaining a mildly bullish tone.
The pair holds above both the nine-period and 50-period exponential moving averages, supporting the short-term upward bias. The symmetrical triangle pattern suggests a potential breakout direction, with the current price action testing the upper trendline.
Source: FXStreet Forex News