{
  "id": 16556569,
  "title": "EUR/JPY Price Forecast: Falls below 176.00 after a bullish gap opening",
  "url": "https://urgent.news/2026/10/26/eur-jpy-price-forecast-falls-below-176-00-after-a-bullish-gap-opening",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T03:12:22.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-falls-below-17600-after-a-bullish-gap-opening-202610260312"
  },
  "original_language": "en",
  "account": "EUR/JPY is falling below 176.00 after a bullish gap opening, according to recent technical analysis. The currency pair has been in a descending channel pattern, displaying a persistent bearish bias. It remains under both the nine- and 50-period Exponential Moving Averages (EMAs), indicating constrained upside potential. The 14-day Relative Strength Index (RSI) of 33 suggests weak momentum, rather than outright oversold conditions. EUR/JPY could test the 12-month low of 175.10 followed by the lower boundary of its descending channel at 175.00. Further declines may lead the pair to the 15-month low of 169.72. On the upside, the primary barrier is the nine-day EMA of 176.69, followed by the upper boundary of the descending channel near 178.60. A move above the medium-term price average would signal a bullish reversal, potentially taking EUR/JPY to the all-time high of 187.95. Analysts at MUFG note that the Yen has been trading at stronger levels this week due to risk-off trading conditions. Deutsche Bank observes that Japan's September inflation rose as expected, moving above the Bank of Japan's target, supported by higher energy costs and yen weakness.",
  "summary": "EUR/JPY gains ground after three days of losses, trading around 175.90 during Asian hours on Monday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, indicating a persistent 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."
}