{
  "id": 1474516,
  "title": "EUR/JPY Price Forecast: Bulls eye 185.00 resistance area",
  "url": "https://urgent.news/2026/08/17/eur-jpy-price-forecast-bulls-eye-185-00-resistance-area",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T11:47:20.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-bulls-eye-18500-resistance-area-202608171147"
  },
  "original_language": "en",
  "account": "The Euro (EUR) continues its upward trend for the third day in a row, trading higher against a weak Yen (JPY) due to disappointing Japanese GDP data. The EUR/JPY pair broke through the 50% retracement of the late July sell-off, hitting the 184.50 level, with the resistance area near 185.00 becoming more attainable. The Japanese Cabinet Office reported on Monday that the country's economic growth slowed to 0.3% in Q2, falling short of the 0.5% consensus and 2.0% growth anticipated by analysts. BBH economists noted that private consumption remained flat, while private non-residential investment fell short, contributing to the soft growth pulse in Japan. EUR/JPY is presently at 184.54, firmly above an ascending trendline set by late July lows, with momentum indicators indicating increasing upside pressure. Bulls will likely face resistance between the 61.8% Fibonacci retracement of July's decline (184.82) and the July 31 high (185.17). If broken, the next upside target will be the July 27-28 lows and the 78.2% Fibonacci retracement near 186.00. On the downside, support is found at the 200-day SMA and the 50% retracement of the decline, just below 184.00. Should this break, focus will shift to the Fibonacci cushions at 183.15, previously held by bears on August 12.",
  "summary": "The Euro (EUR) crawls higher for the third consecutive day on Monday, against a weak Yen (JPY), weighed down by downbeat Japanese Gross Domestic Product (GDP) figures.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/JPY Price Forecast: Edges higher above 113.00, bullish bias prevails above 100-day SMA",
        "url": "https://urgent.news/2026/08/17/aud-jpy-price-forecast-edges-higher-above-113-00-bullish-bias",
        "published": "2026-08-17T04:47:13.000Z"
      }
    ]
  },
  "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."
}