{
  "id": 14121703,
  "title": "EUR/JPY Price Forecast: Remains below 177.00 as bearish bias prevails",
  "url": "https://urgent.news/2026/10/13/eur-jpy-price-forecast-remains-below-177-00-as-bearish-bias-prevails",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T04:08:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-remains-below-17700-as-bearish-bias-prevails-202610130408"
  },
  "original_language": "en",
  "account": "EUR/JPY maintains a bearish trend, currently trading just below 177.00 as technical indicators suggest ongoing negative momentum. The currency pair remains within a descending channel pattern, reflecting bearish bias. Both the 9- and 50-day Exponential Moving Averages (EMAs) keep EUR/JPY under pressure, while the 14-day Relative Strength Index (RSI) sits at 32.75, just above oversold territory. The pair is experiencing a retreat after failing to sustain earlier gains, with key technical support levels at 176.00 and a potential target of 175.70 if further decline occurs. Should the pair drop below these key levels, further declines towards a 14-month low of 169.72 could be imminent. Meanwhile, the immediate resistance lies at the 9-day EMA of 177.44, with a potential bullish reversal leading to an approach of the 50-day EMA at 180.47. This could pave the way for the pair to reach the upper boundary of the descending channel near 183.90, with the all-time high of 187.95 serving as the ultimate target.",
  "summary": "EUR/JPY loses ground for the second successive day, trading around 176.90 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}