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fxAug 18, 2026, 11:11 PM

EUR/JPY stalls near 185 as SMA confluence blocks bulls

EUR/JPY extended gains for a second straight day but lost momentum on Tuesday as a cluster of moving-average resistance near 184.70 capped the advance.

EURJPY

EUR/JPY posted two consecutive daily gains, but Tuesday's session saw buyers struggle near the 184.70 area. A confluence of simple moving averages acted as key resistance and prevented further upside.

The cross is expected to finish the day little changed, close to its opening level, after the failed push toward the 185.00 handle.

Momentum remains capped while the SMA confluence holds.

Source: FXStreet Forex News