{
  "id": 1406476,
  "title": "EUR/JPY Price Forecast: Tests rising wedge bottom near 184.00",
  "url": "https://urgent.news/2026/08/17/eur-jpy-price-forecast-tests-rising-wedge-bottom-near-184-00",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T03:12:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-tests-rising-wedge-bottom-near-18400-202608170312"
  },
  "original_language": "en",
  "account": "The EUR/JPY currency pair has experienced a decline after two days of gains, currently trading around 184.20 on Monday's Asian session. Technical analysis on a daily chart shows the pair is within a rising wedge, suggesting the upward trend may be losing strength and a potential bearish reversal. The EUR/JPY cross remains optimistic in the short term as it stays above the nine-period Exponential Moving Average (EMA), providing support despite the pullback from the recent highs. The 14-day Relative Strength Index (RSI) is around 50, indicating neutral momentum following the previous correction, implying that directional conviction is still uncertain while the overall uptrend structure remains intact. EUR/JPY is testing the immediate support at the lower boundary of the rising wedge near 184.10, followed by the nine-day EMA at 183.78. A break below this support zone could strengthen the bearish trend, possibly driving the pair down towards its eight-month low of 179.37, set on August 3. If the downward momentum persists, the next significant technical target would be the nine-month low of 175.70. On the upside, the primary resistance is the nine-day EMA near 184.49, followed by the upper boundary of the rising wedge at 185.80. A successful break above the wedge could indicate a broader bullish trend, potentially allowing the pair to test the region around its all-time high of 187.95, achieved on April 17.",
  "summary": "EUR/JPY depreciates after two days of gains, trading around 184.20 during the Asian hours on Monday.",
  "key_points": [
    "EUR/JPY pair declines to 184.20 in Asian session",
    "Trading within rising wedge suggests potential bearish reversal",
    "Support near 184.10, break could drive pair to 179.37"
  ],
  "editors_take": "The EUR/JPY's test of the rising wedge's lower boundary signals a critical juncture, where a break below could shift momentum bearish, while a hold or breakout above could preserve the uptrend.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD bulls await acceptance above $66.00, 100-day EMA breakout",
        "url": "https://urgent.news/2026/08/17/silver-price-forecast-xag-usd-bulls-await-acceptance-above-66-00-100",
        "published": "2026-08-17T02:44:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}