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fxJul 30, 2026, 4:02 AM

EUR/JPY Hovers Near 187.00 After Pullback from Ascending Channel Top

EUR/JPY slipped to around 187.20 in Asian trading Thursday, retreating from the top of its rising channel after two days of gains.

EURJPY

EUR/JPY weakened slightly on Thursday, trading near 187.20 during Asian hours following a two-day advance. The cross pulled back after testing the upper boundary of a near-term ascending channel.

Despite the dip, the outlook remains constructive. The pair continues to hold above both the nine-day and 50-day exponential moving averages, underpinning a bullish bias in the short term.

Source: FXStreet Forex News