During the Asian session on Monday, the EUR/JPY currency pair advanced for the second consecutive day, trading around 185.00. The pair maintained a constructive near-term bias, trading above both the nine-period and 50-period Exponential Moving Averages (EMAs), with the volume-weighted average price (VWAP) reinforcing demand at 184.31. The 14-day Relative Strength Index (RSI) hovered near 51, indicating neutral-to-firm momentum. Technical analysis revealed that EUR/JPY remains within a symmetrical triangle, suggesting a balance of power between buyers and sellers. A break above the triangle's upper boundary at 185.90 could expose the all-time high of 187.95, recorded on April 17. On the downside, support levels are noted at the 50-day EMA (184.91), nine-day EMA (184.71), and the triangle’s lower boundary at 183.60, with further support at the four-month low of 181.87 and the six-month low of 180.81. The Euro showed a 0.05% gain against the Japanese Yen and was strongest against the New Zealand Dollar among major currencies today [1].
Meanwhile, the AUD/USD pair retreated from the 38.2% Fibonacci retracement hurdle near 0.6950, snapping a two-day winning streak and trading around 0.6920, down 0.20% for the day. This pullback was attributed to safe-haven flows into the US Dollar amid tensions over the Strait of Hormuz. The pair failed to sustain gains above the 38.2% retracement of the November 2025-May 2026 rally, but the 200-day Simple Moving Average (SMA) near 0.6869 and the 50% retracement at 0.6851 provided technical support. The MACD histogram turned slightly positive, hinting at recovering upside momentum, though the RSI near 39 reflected only modest demand. Analysts suggested waiting for a sustained move above 0.6950 before positioning for further appreciation, with the 23.6% retracement at 0.7077 as the next resistance. On the downside, a break below 0.6851 could expose deeper supports at 0.6750 and 0.6607. The US Dollar was the strongest against the New Zealand Dollar, showing a 0.34% gain against the Australian Dollar [2].
Both articles highlight technical consolidation in the respective pairs, with neither side taking decisive control. The Euro and US Dollar both posted modest gains against major currencies, with the Euro up 0.05% against the Yen and the US Dollar up 0.34% against the Australian Dollar. No significant market-moving news or sharp volatility was reported, and both pairs are trading near key technical levels that could determine their next directional moves [1][2].
CONCLUSION
The EUR/JPY and AUD/USD pairs are consolidating near key technical levels, with modest gains for the Euro and US Dollar against major currencies. Market sentiment remains cautiously constructive, but traders are awaiting decisive breakouts before committing to new trends. No major market-moving events or sharp reactions were noted in the current session.